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Alek Hsiang Alek Hsiang
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4 years ago

Question 1.

Figure 10.2.1




Figure 10.2.1 gives the payoffs in economic profits for Companies A and B when each has two strategies:  (1) charge a low price, or (2) charge a high price.  If both A and B successfully cooperate, what are Company A's economic profits?

▸ $20

▸ $2

▸ - $10

▸ $5

▸ $10

Question 2.

Figure 10.2.1




Figure 10.2.1 gives the payoffs of economic profits for Companies A and B when each has two strategies:  (1) charge a low price, or (2) charge a high price.  If both A and B successfully cooperate, what are Company B's economic profits?

▸ $5

▸ $25

▸ - $10

▸ $20

▸ $10
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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cuddahy99cuddahy99
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