Q1. Do you think that frustrates groups like the ASPCA who believe the WTO is undermining their effort to make some US laws more stringent than those elsewhere in the world?
Q2. Find the subgame perfect equilibria of the variant of the game in which the post-entry competition is a game in which each firm chooses a price, rather than an output.
Q3. Consider the following utility function:
U(X, Y) = max{X, 3Y}
a) Draw the indifferent curve for this utility function.
b) Find the Marshallian demand functions for X and Y and the corresponding indirect utility function.