Dear tutor, please solve these multiple questions. Thank You! 11. If the demand shifts, then for a profit maximizing monopolist, A) price will change while quantity will remain constant. B) price will change and quantity will change. C) Both A and B. D) Neither A nor B.
Dear tutor, please solve these multiple questions. Thank You!
11. If the demand shifts, then for a profit maximizing monopolist, A)
B) price will change and quantity will change.
C) Both A and B.
D) Neither A nor B.
30. A monopolist will spend resources to advertise its product so long as A) net profits increase.
B) gross profits increase.
C) demand increases.
D) total revenue increases.
32. What aspects of a game are specified by "the rules of the game"?
A) timing of players' moves
B) payoffs
C) information available to each player
D) All of the above
33. When neither player has a dominant strategy,
A)
B) no Nash-Equilibrium exists.
C) at least one Nash-Equilibrium exists.
D) the game cannot be analyzed.
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