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Author Question: A specific investment is A) one that can only be used in a transaction with a single firm. B) an ... (Read 31 times)

bucstennis@aim.com

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on: Jul 1, 2018
A specific investment is
 
  A) one that can only be used in a transaction with a single firm.
  B) an investment that cannot be physically moved, such as an oil refinery.
  C) reduces the possibility of a holdup occurring.
  D) is more expensive than a general investment.

Question 2

The outcome of the Stackelberg model is
 
  A) a Nash equilibrium.
  B) the same as the Cournot outcome.
  C) that the follower earns zero profit.
  D) that the follower cannot be on its best-response curve.


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ilianabrrr

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


bucstennis@aim.com

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Reply #2 on: Jul 1, 2018
Correct answers!


ilianabrrr

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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