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Consider this game in an extensive form (there are 2 players, A and B): A left right middle B B B gauche gauche gauche milieu milieu milieu (2,3) (4, 2) (6, 6) (1, 9) (1, 9) (7, 7) (5, 3)
a. Find the subgame-perfect equilibrium.
b. Explain why the players cannot reach the outcome with the payoffs circled in orange (which they both would prefer to the equilibrium outcome).
What are some strategies that companies use to market products to their customers? In addition, compare the strategies companies use to market their products to other businesses. Finally, compare the IT components and systems (e.g., security, payment..
In an effort to increase output the government could try to increase the employment, or try to raise capital stock or improve technology. If the government chose to lower taxes in an effort to increase the labor supply, how could this get in the way ..
1) Describe the principal forms of protection for intellectual assets.
A monopoly firm enjoys a great deal of market power. Is the government right in intervening in free markets to limit monopolies? Explain.
q.listing different orderings and coalitions is not going to work for this problem because there are too many
Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position in the google antirust case.
Twenty years ago you took out a $200,000 loan. The details of the loan called for uniform payments to occur every month for thirty years. Interest rates have dropped significantly, and you have decided to refinance the loan. If the original loan inte..
If the own price elasticity of a good is -4 and price decreases by 5%. How much will consumption change?
Identify Nick’s utility-maximizing consumption bundle on your graph, including his indifference curve that is associated with his optimal bundle. e. What is the value of his utility at this bundle?
Consider a production function of the form Y = AF (K, N, Z), where Z is a measure of natural resources used in production. Assume this production function has constant returns to scale and diminishing returns in each factor. What will happen to outpu..
What effect would a price increase have on the total revenues earned from the proposed product?
Zero salvage value with the SL method. This machine will produce metal parts that will generate revenues of $180,000 (time zero dollars) per year. It is a policy of the company that the annual revenues will be increased each year to keep pace with th..
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