Beta's Price Policy High Low A B $20 $30 High $20 $10 Alpha's Price Policy C D $10 $15 Low $30 $15 Refer to the above diagram where the numerical data show profits in millions of dollars, Beta's profits a shown in the northeast corner and Alpha's profits in the southwest corner of each cell. If this game has Nash equilibrium, in which quadrant is that equilibrium? OC OA O B OD11 0/ 1 point ATC MC $19 16 13 10 D MR 100 160 180 210 Quantity Refer to the above diagram for a monopolistically competitive firm in the short-run. This firm's profit- maximizing price will be: $13. O $10 $16 $1913 Which of the following statements does NOT correctly describe the profit-maximizing level of output selected by a monopolistically competitive firm in the short run? O Output is set in the short run where marginal cost equals marginal revenue. Firms will produce in the short run rather than shut down as long as price exceeds average variable cost at the rate of output selected by the firm. Output is set in the short run where marginal cost equals price.MC e d ATC Dollars D g h j Output Refer to the above diagram. Equilibrium price is: O a Ob O c Od20 0/ 1 point Two discount superstores (Ultimate Saver and Super Duper Saver) in a growing urban area are interested in expanding their market share. Both are interested in expanding the size of their store and parking lot to accommodate potential growth in their customer base, The following game depicts the strategic outcomes that result from the game, Growth related profits of the two discount superstores under two scenarios are reflected in the table below. SuperDuper Saver DO NOT increase the Increase Size of Store size of the store or the and Parking Lot parking lot Ultimate Increase Size of Store SuperDuper = $50 SuperDuper = $25 Saver and Parking Lot Ultimate = $65 Ultimate = $275 DO NOT increase the size of the store or the SuperDuper = $250 SuperDuper = $85 parking lot Ultimate = $35 Ultimate = $135 Refer to the Payoff Matrix. Non-cooperative outcomes typically imply an outcome )that is better for both parties to the "game." In which society is always better off. that is worse for both parties to the "game." O in which society is always worse off.\f