Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi, Please help me solve these question. These are basic Perfect, monopolistic, oligopoly questions. Provide a detail workout for each question and please dont use
Hi, Please help me solve these question. These are basic Perfect, monopolistic, oligopoly questions.
Provide a detail workout for each question and please dont use AI to solve it. Keep your handwriting clear if you are writing it.
wating for the best
1. (100,100) C Kareem chooses A D (60, 105) (500, 400) Saleem F chooses B Kareem chooses F (50,420) Find the SPNE of the game. 2. C (500, 400) Player 2 (600, 300) A D Player 1 E (200, 300) (550, 300) For the game tree given above, find out SPNE/SPNEs if it exits.[ $140 for A $400 for B $300 for B 3. The Nash equilibrium for this game is A. player A choosing strategy Z and player B choosing strategy X. B. player A choosing strategy X and player B choosing strategy Z. C. both players choosing strategy Z. D. both players choosing strategy X. 4. A bookseller who is a monopolist, faces the following demand books from students: P=150-10Q The marginal cost is: MC= 5Q and fixed cost is 0. a) Find the price and quantity in equilibirum. b) Also find the producer surplus, consumer surplus and dead-weight loss. c) If the monopolist could perfectly price discriminate, then find the producer surplus. AR 5. Refer to the figure above. If the firm does not price discriminate, this monopolist will choose a quantity of , and charge a price of A. 10; 522 B. 10; S10 C.12; $20 D. 5; 512 6. Refer to the figure above. As a perfect price-discriminator, this firm would produce approximately units of output. A. 17 B.14 C.10 D.5 7. Relative to a single price monopolist, a price discriminating monopolist generates A. more deadweight loss B. less deadweight loss C. the same amount of deadweight loss, but more consumer surplus. D. the same amount of deadweight loss, but less consumer surplus. QOutput Price Margnal Costs 1 $10 S6 2 $9 36 3 38 26 4 S7 26 5 56 26 6 85Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started