There are two can companies, American and National, which have entered into a collusive agreement. The payoff matrix of economic profits is above. If both firms cheat on the collusive agreement, what amount of economic profit is made by American?

Refer to Figure 4.1. Simon's available strategies include

A) top and bottom. B) up and down. C) left and right. D) all of the above

If a corporation announces that it expects quarterly earnings to increase by 25% and it actually sees an increase of 22%,

what should happen to the price of the corporation's stock if the efficient markets hypothesis holds, everything else held constant?