« previous next »

Author Question: All of the following are non-price determinants of supply except A) costs. B) technology. C) ... (Read 37 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
All of the following are non-price determinants of supply except
 
  A) costs.
  B) technology.
  C) income.
  D) future expectations.

Question 2

The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. Both firms setting a high price is NOT a Nash equilibrium because
 
  A) setting a high price is the dominant strategy for each firm.
  B) neither firm can improve its payoff by setting a low price given that the other firm is setting a high price.
  C) there is no dominant strategy for either firm.
  D) both firms can improve their payoff by setting a low price given that the other firm is setting a high price.


at

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Energy costs of locomotion. Energy costs of locomotion.
Genetic Determinants Borne by Plasmids Genetic Determinants Borne by Plasmids
Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
Who Oversees the Food Supply? Who Oversees the Food Supply?
Automotive Technology Automotive Technology
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Griffith's experiments

For a complete list of videos, visit our video library