This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a Pareto improvement? A) A monopolist loses its monopoly when a ... (Read 18 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jul 1, 2018
Which of the following is a Pareto improvement?
 
  A) A monopolist loses its monopoly when a government policy allows another firm to enter the market, resulting in lower prices and higher quantity available for consumers.
  B) A government policy is implemented that results in the middle class being better off, and the very rich only have to pay a little bit more in taxes.
  C) A government policy removes a market failure.
  D) None of the above.

Question 2

When a prisoners' dilemma game is repeated a finite number of times (T)
 
  A) cooperation unravels during the first round of the game, resulting in the static game Nash equilibrium.
  B) cooperation continues until the T-2 round, where the players will switch to a non-cooperative Nash equilibrium.
  C) firms cooperate and achieve the collusive Nash equilibrium for all rounds.
  D) None of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


mia

  • Member
  • Posts: 564
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Relationship Between Training Intensity and VO2max Improvement Relationship Between Training Intensity and VO2max Improvement
Effect of Productivity Improvement in the Malthusian Model Effect of Productivity Improvement in the Malthusian Model
Video: Smoking Cessation

For a complete list of videos, visit our video library