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Question 32 1 pts One of the differences between firms in monopoly and monopolistic competition is: O firms in monopoly can sell a commodity while
Question 32 1 pts One of the differences between firms in monopoly and monopolistic competition is: O firms in monopoly can sell a commodity while firms in monopolistic competition cannot. O firms in monopoly can sell non-commodities while firms in monopolistic competition cannot. O firms in monopoly are price setters while firms in monopolistic competition are not. O firms in monopoly can make economic profit in the short run while firms in monopolistic competition cannot.Question 34 1 pts Chidi and Eleanor are two residents in The Good Place. Each of them has a decision to make: profess their love or hide their love. The payoff matrix of outcomes (measured in dollars) below displays the possible outcomes for both people. The dollar outcomes represent their happiness measured in dollars. Game Theory Matrix: Eleanor & Chidi Eleanor: Profess Eleanor: Hide love love Chidi: Profess $20 $11 love $20 $30 Chidi: Hide $45 $36 love $10 $40 Assuming both can see the entire payout matrix, what is the nash equilibrium? O Chidi Hides; Eleanor Hides O Chidi Professes; Eleanor Professes O Chidi Professes; Eleanor Hides O Chidi Hides; Eleanor Professes
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