QUESTION 3 Orange Movies is an online movie streaming service that aims to compete with Netflux. $17.99 for a group package that can be used by up to 6 people. Select the item from the list provided to make the following statements true. ~ Orange Movies is employing in offering a group package. 1. + If raising its prices will never lead to greater profits for Orange Movies, this 2. would indicate that it has been forced to adopt a/an strategy. 3 ~ If Jack purchases a group package, then sells access to Orange Movies to Jill 4. for her own use, he is engaging in . 5 L N o 9. Orange Movies charges $10.99 per month for a single user subscription, or first degree price discrimination second degree price discrimination . third degree price discrimination peak load pricing . pricing power arbitrage inefficient collusion dominant 10.dominated 11. prisoner's dilemma 12. efficient QUESTION 4 Two political candidates are campaigning in an election to become prime minister. Each candidate needs to adopt one of three political stategies in order to appeal to voters (Left-wing, Centrist, or Right-wing). The payoff matrix below indicates how many votes each candidate will receive (in millions) depending on the strategies chosen. What political strategies will be chosen by: a. Candidate 1 (enter L for Left-wing, C for Centrist or R for Right-wing) b. Candidate 2 (enter L for Left-wing, C for Centrist or R for Right-wing) Candidate 2 Left-wing (L) Centrist (C) Right-wing (R) Left-wing (L) 2,2 1,3 2,2 Candidate 1 Centrist (C) 3, 1 2,2 3, 1 Right-wing (R) 2,2 1,3 2,2