Please do both of them correctly ○ A.Consider the figure at right. Which of the following is true?Single-Price Competitive CartelizedMonopoly Industry IndustryPriceOutput$38175$38$27175278○ B.Single-Price Competitive CartelizedMonopoly Industry IndustryPrice$38$27$38Output175278175ос.Single-Price Competitive CartelizedMonopoly Industry Industry$38$27Price $27Output 278$38$27175278○ D.Single-Price Competitive CartelizedMonopoly Industry IndustryPrice $27$38$38Output278175175MR175 278OutputMC Consider the payoff matrix at right.○ A. The pair of strategies low output - low output is the only Nash equilibrium.○ B. The pair of strategies high output-high output and low output - low output are the only Nashequilibria.○ C. The pair of strategies low output - low output and low output-high output are the only Nashequilibrium.○ D. The pair of strategies high output-high output and high output - low output are the only Nashequilibria.○ E. The pair of strategies high output - high output is the only Nash equilibrium.Firm BHigh Output Low OutputHigh Output $20 $20 $32 $8Firm ALow Output $8 $32 $25 $25

Monopoly is a form of imperfect competition. There is one firm. The number of consumers is high.…

○ A. Consider the figure at right. Which of the following is true? Single-Price Competitive Cartelized Monopoly Industry Industry Price Output $38 $38 $27 175 175 278 O B. Single-Price Competitive Cartelized Monopoly Industry Industry Price $38 $27 $38 Output 175 278 175 ○ C. Single-Price Competitive Cartelized Monopoly Industry Industry Price $27 Output $38 $27 278 175 278 ○ D. Single-Price Competitive Cartelized Monopoly Industry Industry Price $27 $38 $38 Output 278 175 175 Price ($) $38 $27 AMR 175 278 Output MC

○ A. Consider the figure at right. Which of the following is true? Single-Price Competitive Cartelized Monopoly Industry Industry Price Output $38 $38 $27 175 175 278 O B. Single-Price Competitive Cartelized Monopoly Industry Industry Price $38 $27 $38 Output 175 278 175 ○ C. Single-Price Competitive Cartelized Monopoly Industry Industry Price $27 Output $38 $27 278 175 278 ○ D. Single-Price Competitive Cartelized Monopoly Industry Industry Price $27 $38 $38 Output 278 175 175 Price ($) $38 $27 AMR 175 278 Output MC

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please do both of them correctly

○ A.
Consider the figure at right. Which of the following is true?
Single-Price Competitive Cartelized
Monopoly Industry Industry
Price
Output
$38
175
$38
$27
175
278
○ B.
Single-Price Competitive Cartelized
Monopoly Industry Industry
Price
$38
$27
$38
Output
175
278
175
ос.
Single-Price Competitive Cartelized
Monopoly Industry Industry
$38
$27
Price $27
Output 278
$38
$27
175
278
○ D.
Single-Price Competitive Cartelized
Monopoly Industry Industry
Price $27
$38
$38
Output
278
175
175
MR
175 278
Output
MC

Consider the payoff matrix at right.
○ A. The pair of strategies low output - low output is the only Nash equilibrium.
○ B. The pair of strategies high output-high output and low output - low output are the only Nash
equilibria.
○ C. The pair of strategies low output - low output and low output-high output are the only Nash
equilibrium.
○ D. The pair of strategies high output-high output and high output - low output are the only Nash
equilibria.
○ E. The pair of strategies high output - high output is the only Nash equilibrium.
Firm B
High Output Low Output
High Output $20 $20 $32 $8
Firm A
Low Output $8 $32 $25 $25

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