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HELP WITH THESE 6 QUESTIONS PLEASE! Which of the following is an obstacle to collusion? O a small number of firms O low barriers to
HELP WITH THESE 6 QUESTIONS PLEASE!
Which of the following is an obstacle to collusion? O a small number of firms O low barriers to entry Oan ability to detect price changes quickly O a stable demand curve O none of the aboveBased on the graph of the oligopoly depicted below, what would be the total profit for the industry if the firms competed? $3 1 , 500 (:3. $40,500 (:3. $53,000 ("3. ss 1,000 zero Based on the game theory depicted below. what result would be expected if each party followed a dominant strategy? Footba Top Player Off ens e [defense back] Def: 1 yd. allowed Def: 5 yds. allowed 9 Man Front fo: 2|] yds. gained fo: III yds. gained The offense would gain no yards. '\\___/ Side Player Defense The offense would gain 1 yard. "x.___/ The offense would gain 5 yards. '\\___/ The offense would gain 20 yards. \\,_,/ There is no dominant strategy. \\___/ Question 13 (1 point) Saved Based on the game theory depicted below, what result would be expected by each player following a dominant strategy? Prisoners Top Player Fenster Confess Remain Silent ConfessF: 12 years in prison F: 25 years in prison Side Player H: 10 years in prison H: 3 mos. probation Hockney Remain Silent F: 6 mos. probation F: 6 mos. in prison H: 20 years in prison H: 6 mos. in prison Fenster-6 mos. sentence; Hockney-6 mos. sentence Fenster-25 yr. sentence; Hockney-3 mos. sentence Fenster-6 mos. sentence; Hockney-20 yr. sentence Fenster-12 yr. sentence; Hockney-10 yr. sentence There is no dominant strategy.Question 15 {1 point] Based on the game theory depicted below, what result would be expected by each player following a dominant strategy? Game Show Top Player Bob __ M: wins $10,000 M: wins $500 M: wins $20,000 M: wins SLIZIIZIIZI Bob wins $10,000 and Monte wins $10,000. Side Player Monte Bob wins $20,000 and Monte wins $500. Bob wins $500 and Monte wins $20,000. Bob wins $1,000 and Monte wins $1.000. There is no dominant strategy. 'x_ __.r Question 16 {1 point] Based on the game theory depicted below, what result would be expected if each firm follows its dominant strategy? Pricing Top Player Pepsi C: profits=$13EIM C: profits=$195M C: profits=$32M C: profits=$lEEM Pepsi's profits would be $120M and Coke's profits would be $130M. Pepsi's profits would be $20M and Coke's profits would be $195M. Pepsi's profits would be $180M and Coke's profits would be $32M. Side Player Coke Pepsi's profits would be $150M and Coke's profits would be $165M. There is no dominant strategy. \\___/Step by Step Solution
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