Refer to Figure 3.1. What is the number of outcomes which represent Nash equilibria in this game?

If top managers make good decisions, the firm's profits will be ________, and the firms assets will be ________

A) equal to its revenues; small relative to its liabilities. B) high; large relative to its liabilities. C) high; small relative to its liabilities. D) low; large relative to its liabilities

Even if entry is easy, oligopolists possess sufficient market power so that profits are assured in the long run

a. True b. False Indicate whether the statement is true or false