If the inverse demand function for a monopoly's product is p = a - bQ, then the firm's marginal revenue function is

Which of the following could cause an industry to be an increasing-cost industry?

a. The development of subindustries in response to industry growth. b. The factor-price effect. c. Identical break-even prices across firms. d. Substantial economies of scale in production.

The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. This game is an example of a:

A. credible promise. B. cartel. C. game with multiple equilibria. D. prisoner's dilemma.