QUESTION 16 Oa above avernge total oosts O b. below average variable costs O a.

Question

QUESTION 16 Oa above avernge total oosts O b. below average variable costs O a. below average total costs Od·above average variable costs QUESTION 17 Based on the payoff matrix illustrated in Figure 13.1 on page 393, what is the Nash equlibrium for the two suspects? O a. Tony Montana keeps quiet but Manny Ribera testifies. Ob. Tony Montana testifies but Manny Ribera keeps quiet O c. Both suspects testity. Od. Both suspects keep quiet QUESTION 18 A Nash collude. O a everything O b.nothing c. something O d. None of these are correct QUESTION 19 a, a strategy that leads to one players interests dominating the interests of the other cb .Ob.astrategy that must appear in every game Oc. the best strategy for a player to follow, regardless of the strategies followed by other players Od the best strategy for a player to follow only if other players are cooperative

Explanation / Answer

Answer)

16. Predatory Pricing strategy...... b. below Average Vriable Costs.

17. The diagram is not provided in the question . Insufficient information.

18. In Nash Equilibrium............ b. nothing to gain

19. A Dominant Strategy is ...... c. the best strategy for the player to follow

20. Clayton Act of 1914............c. tying arrangements.

21. If it is a cartel.....................a. they will maintain the current price.

22. Again. the payoff matrix is not given so insufficient question.

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