Please answer question 14 - 20

QUESTION 14 Firm B Do Not Enter Enter Enter -20 Firm A 10 50 Do Not 40 Enter 0 The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, which one of the following statements is TRUE? .Only firm A will enter the market. Only firm B will enter the market. . The outcome of the game is unpredictable. ONeither firm entering is a Nash equilibrium. QUESTION 15 In an indefinitely repeated game, a firm might use a to a rival that defects from a cooperative strategy. trigger strategy; punish tacit threat; dissuade trigger strategy; threaten O legal maneuver; sue QUESTION 16 Deterring entry might require a firm to price their product closer to the competitive price than to the monopoly price. price their product closer to the monopoly price than to the competitive price. drop price almost to zero to get price below marginal cost. drop output almost to zero to show the consumers "who's boss."QUESTION 16 Deterring entry might require a firm to price their product closer to the competitive price than to the monopoly price. price their product closer to the monopoly price than to the competitive price. drop price almost to zero to get price below marginal cost. drop output almost to zero to show the consumers "who's boss." QUESTION 17 An auction in which the price announced by the auctioneer DESCENDS is called a(n) O Sealed Bid Auction. Dutch Auction. English Auction. Descending Option Auction. QUESTION 18 A risk premium is the maximum amount a decision-maker would pay to avoid taking a risk. is required to get a risk-neutral person to make a fair bet. is the minimum amount a decision-maker would pay to avoid taking a risk. is the maximum amount needed to compensate a decision-maker to willingly take a risk. QUESTION 19 Which of the following reduces the effects of asymmetric information? Repeat purchases Warranties Building a reputation All of these.QUESTION 19 Which of the following reduces the effects of asymmetric information? Repeat purchases O Warranties Building a reputation All of these. QUESTION 20 For network externalities to occur, the government has to create new laws. there must be a critical mass of users. deadweight loss must be minimized. there must be a positive benefit to society. Click Save and Submit to save and submit. Click Save All Answers to save all answers