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- Question 37 Which rule would NOT protect fish populations? not allowing young fish to be caught O not allowing female fish to be caught O limiting the length of the fishing season catching any fish except males limiting the number of fish that can be caughtWhich of the following matrices correctly underlines the appropriate strategies for players 1 and 2, and comes to a reasonable solution or equilibrium point in the game? Player 2 Confess Keep Quiet Confess -8,-8 0, -12 Player 1 Keep Quiet Confess Player 1 Keep Quiet -12,0 Confess -8,-8 -12, 0 Player 2 -2,-2 Keep Quiet 0, -12 -2,-2By 2030, Tesla is the dominant player in the market for self-driving cars, but it faces an entry threat by ACME Corporation. To examine its behavior toward competitors, suppose that Tesla produces q₁ and it incurs a cost of c₁ (91) = 69₁. ACME Corporation produces a self-driving car that is a perfect substitute for the Tesla vehicle, but its production costs are: c₂ (92) = 100+1292. Inverse demand for self-driving cars is given by p(Q) = 120-Q, where Q = 9₁ +92
- How did Lance Armstrong and the business of doping relate to the prisoner effect.2a. Graphic and describe the market for Spam. 2b. Graph and describe what happens in this market when people's incomes fall. (Include this in the graph for 2a).Problem: Imagine you have two competing athletes who have the option to use an illegal and dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gain an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping (the athletes believe the advantage over their competitor outweighs the risks from doping ). However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What outcome do we expect from these two athletes? Please use ideas like concepts of monopolies, Oligopolies and Game Theory and Factor markets for this scenario.
- In an industry with two firms, their best responses are ? ∗ 1 = 10 ― (1/6)?2 and ? ∗ 2 = 8 ― (1/6)?1. What is the total quantity exchanged on the market?Refer to Figure 5.1, if 4,500 units were traded, Deadweight-Loss would be Figure 5.1 Price (p) S 15 12 9 (a) (b) (c) (d) (e) (f) 4,500 equal to "areas (g)+(h)." equal to "areas (e)+(f)." equal to "area (g)." negative. 6,000 (g) (h) 8,000 Supply Demand Quantity of items (q)4. A model of network externalities. Suppose that there are 50 potential consumers in the market for a new technology that exhibits network effects. There is a uniform distribution of consumers with individual valuations, v, ranging from S1, $2,.., S50. Consumer valuation from consuming the technology is given by vN, where N is the number of consumers adopting the technology. Consumers with purchase the product as long as their valuation is greater or equal to the price, so that the marginal consumer has a valuation such that p3vN. The number of consumers adopting the technology is given by the number of people with valuation greater than y, i.e. N = 50 - v. %3D a) Using the information above, derive the relationship between the price of the product and the number of consumers adopting the product, N. Characterize this relationship – does it reflect a typical market demand curve? b) If the price for the product is $600, find the three equilibrium number of adopters in the market. c)…
- 34-Some organizations choose to install a software on their employees ' computers that blocks access to certain Web sites that contain materials deemed inappropriate or offensive . This action is illegal and unethical . Select one: True False1. Occupational licensing is an example of an entry barrier that improves a country's standard of living. Group of answer choices True False 2. Network externalities refer to the situation where the usefulness of a product increases with the number of consumers who use it. Group of answer choices True FalseQuestion 3 options: CBS is selling advertising for its broadcast of the AFC championship game. The station’s demand for minutes of commercial advertising time is the demand it faces from the companies to which it sells advertising time: PADS = 100,000 - 50Q. CBS has MC = $2000. Buyers pay CBS a price PCBS for each minute of advertising and add $1,000 for each ad to cover the tax they pay, so their MCADS= PCBS + 1000. No one has any fixed costs. The profit for CBS is (include dollar sign and any commas, no decimals)