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Please answering the following question, thank you! (would rate right after received the answer) Question 7 2 pts Which statement is correct if rms want

Please answering the following question, thank you! (would rate right after received the answer)

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Question 7 2 pts Which statement is correct if rms want to sustain tacit collusion? Q The bigger the gain from deviation, the easier the collusion can be sustained. O The higher the losses from punishment, the harder the collusion can be sustained. Q Tacit collusion is feasible in an innite period repeated game as long as rms are patient enough, that is, the discount factor is big enough. 0 The less patient the rms are, the easier the collusion can be sustained. Question 8 2 pts Which statement is correct regarding consumers' surplus? 0 Consumers' surplus is the same in the sequential Hotelling model than in the standard Hotelling model. 0 Consumers' surplus is smaller in the sequential Hotelling model than in the standard Hotelling model (choosing prices at the same time). 0 Consumers' surplus is bigger in the sequential Hotelling model than in the standard Hotelling model (choosing prices at the same time). 0 Consumers' surplus is maximized in the sequential Hotelling model

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