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Question 4 {1 point} Bargain Galore Indudcs Does Not Include Includes $l50. $ [80 $200, $100 Shoppers' Deli t 3h DOCS Nat $100, $250 $240,
Question 4 {1 point} Bargain Galore Indudcs Does Not Include Includes $l50. $ [80 $200, $100 Shoppers' Deli t 3h DOCS Nat $100, $250 $240, $220 Include Assume there are two stores near each other that both sell a very popular type of widget that consumers consider to be very similar. In the above game, both firms have a choice to make: include a extra product with a purchase, or do not include. The numbers in the payoff matrix represent profits with the first payoff going to Shoppers' Delight and the second to Bargain Galore. which of the following is a true statement? 0 Bargain Galore's dominant strategy is to not include the extra purchase 0 This game does not have a Nash equilibrium 0 Shoppers' Delight's dominant strategy is to include the extra purchase 0 Bargain Galore doesn't have a dominant strategy 0 Bargain Galore's dominant strategy is to include the extra purchase 0 Shoppers' Delight's dominant strategy is to not include the extra purchase Question 5 {1 point} It is more difficult to analyze a monopolistically competitive market than a perfectly competitive market because in a monopolistically competitive market: 0 a normal profit in the long run is usual. 0 products are differentiated. which results in nonprice competition. 0 there is one dominant firm. 0 firms are characterized by mutual interdependence. Question 6 {1 point) Bargain Galore Includes Does Not Include Includes $150. $180 $200, $100 5}: uppers' Delight DOES Nm $100. $250 $240, $220 Include Assume there are two stores near each other that both sell a very popular type of widget that consumers consider to be very similar. In the above game, both firms have a choice to make: include a extra product with a purchase, or do not include. The numbers in the payoff matrix represent profits with the first payoff going to Shoppers' Delight and the second to Bargain Galore. What is the Nash equilibrium in this game? 0 Shoppers' Delight includes the product. Bargain Galore doesn't 0 Both firms include the extra product 0 Shoppers' Delight doesn't include the product, Bargain Galore does 0 Neither firm includes the extra product
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