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

Author Question: The Prisoners' DilemmaThe payoff matrix shows the possible profits for a duopoly when deciding ... (Read 317 times)

knemetz3

  • Full Member
  • ***
  • Posts: 149
on: Nov 23, 2022
The Prisoners' Dilemma

The payoff matrix shows the possible profits for a duopoly when deciding between charging a low price or a high price. Firm A's profit is show in blue and Firm B's profit is shown in green.



Assume that P1=$71, P2=$12, P3=$95, and P4=$47.5. If the firms do not collude, both firms will charge the ________. If the firms do collude, each firm will charge the ________. What are the gains from collusion?
◦ low price, low price, $47.50
◦ low price, high price, $23.50
◦ high price, high price, $35.50
◦ high price, low price, $59.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by knemetz3 on Nov 23, 2022

dianagarcia

  • Full Member
  • ***
  • Posts: 189
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


knemetz3

  • Member
  • Posts: 149
Reply 2 on: Nov 23, 2022
:D TYSM

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

This diagram shows a cross-section of a solar-type star. This diagram shows a cross-section of a solar-type star.
Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
This photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther This photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther
CT scan of the head shows a massive bleed with a midline shift. CT scan of the head shows a massive bleed with a midline shift.
This image shows the spread of droplets from an uncovered sneeze. This image shows the spread of droplets from an uncovered sneeze.
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library