Od. the best strategy for a player to follow only if other players are cooperati

Question

Od. the best strategy for a player to follow only if other players are cooperative QUESTION 20 The Clayton Act of 1914 is an antitrust law. Which of the following was not added to the list of activities that were O a. price discrimination. tying arrangements. Od. price foxing QUESTION 21 Suppose that Boeing and Rolls-Royce are the sole of a particular jet engine. The two firms currently charge the same price for the price of its engine, each firm earns $36 million in proft. If both firms reduce their prices, then each firm will firm the other firm will earn a profit of $5 million. If the firms can operate as a cartel, then O a each firm will maintain its current price. c. Rolls-Royce Holdings will reduce its price and Boeing will maintain its current price Od, Boeing will reduce its price and Rolls-Royce Holdings wil maintain its current price QUESTION 22 on the O a Both suspects keep quiet. O b. Both suspects testify. Oc. Tony Montana testifies but Manny Ribera keeps quiet O d. Tony Montana keeps quiet but Manny Ribera testifies.

Explanation / Answer

19. A dominant strategy in Nash equilibrium is the best strategy one can follow despite the startegies pursued by other players. It is the best decision made by the player in the game.

So option c)

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