Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Question
Chapter 3, Problem 1.1P
To determine
Three examples of entrepreneurs in the tech industry.
Expert Solution & Answer
Explanation of Solution
The best examples of entrepreneurs in the tech industry are Bill Gates, Paul Allen with Microsoft and Zuckerberg with Facebook. All three of them fit the definition of an entrepreneur because three of them manage and control all possible risks associated with the business. They also introduce innovative ideas and concepts for a successful business.
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Please help and thanks! (Note: This is a practice problem!)
Unit VI Assignment
Instructions: This assignment has two parts. Answer the questions using
the charts.
Part 1:
Firm 1
High Price
Low Price
High Price
8,8
0,10
Firm 2
Low Price
10,0
3,3
Question: For the above game, identify the Nash Equilibrium. Does Firm 1 have a
dominant strategy? If so, what is it? Does Firm 2 have a dominant strategy? If so,
what is it?
Your response:
not use ai please don't kdjdkdkfjnxncjc
Chapter 3 Solutions
Principles of Economics (12th Edition)
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