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What are the Nash equilibria for the battle of the sexes game in footnote 11? How might you change the game's rules so that it makes more sense?
Can you draw any hard-and-fast conclusions about whether the Italians' actions were a good or bad idea?
Why did the value fluctuate substantially from night to night? Which bidder's bid determined the sales price? How was the auction price affected?
Show the profit or payoff matrix for this rock paper-scissors game where the payoff is if you lose, 0 if you tie, and 1 if you win.
Show the payoff matrix. What, if any, is the pure-strategy Nash equilibrium to this game? Is there a mixed-strategy Nash equilibrium? If so, what is it?
Write the payoff matrix for this simultaneous-moves game. Specify the possible Nash equilibria. Is there a pure-strategy Nash equilibrium?
Why can this product's exit be the cause of the price increases if the prices reflect a Cournot equilibrium? Explain.
Canada subsidizes Canadian magazines to offset the invasion of foreign magazines. What effect will a lump-sum subsidy have on the number of subscriptions sold?
Graph the promoter's marginal cost curve for the concert hall, where the number of tickets sold is on the horizontal axis (be sure to show ).
What form of price discrimination was GM's new policy? What is the relationship between a region's price and its price elasticity of demand?
What is the effect on the quantity of tickets demanded for the Yankees-Mets games if the Mets drop the price of the cheap seats for unpopular games?
Which type of price discrimination-first-degree, second-degree, or third-degree-are these personalized discounts?
The ad specifies that no phone orders are accepted and that the purchaser must transport the stove. Why does the firm include these restrictions?
Assuming that it can prevent resale, can the monopoly increase its profit by bundling them, forcing consumers to buy both goods?
Abbott Laboratories, the patent holder of the antiAIDS drug Norvir, raised the price from $1.71 to $8.57 a day. Why did Abbott raise one price but not others?
What possible explanations for its increase in expenditures? Does its action necessarily imply that Microsoft feared its competitors more than in previous year.
How does this customization affect the marginal benefit curve for an advertiser, and why?
Determine what the elasticities of demand must have been in the United States, Canada, and Japan if Warner was profit maximizing.
At what price does the monopoly sell its good in each country if resale is impossible?
Explain why cartel members would produce more than the allotted amount given that they know that overproduction will drive down the price of their product.
When marginal cost rises and the number of firms falls, what happens to Cournot equilibrium price? Use graphs or math to illustrate your answer.
In the monopolistically competitive airlines model, what is the equilibrium if firms face no fixed costs?
What is the effect of a government subsidy that reduces the fixed cost of each firm in an industry in a Cournot monopolistic competition equilibrium?
Show the effect of the new regulation. Is it possible that the price for these vehicles would rise by substantially more than the marginal cost would?
Which number of stores is better for the college in terms of rent? Which is better for students? Why?