In the oligopoly price-fixing game, the payoffs are the
A) profits of the firms.
B) market shares of the firms.
C) sales of the firms.
D) reputations of the firms.
A
Economics
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Refer to Figure 16-1. What is the price charged under perfect price discrimination?
A) P3 B) P4 C) a range of prices corresponding to the demand curve from P3 and above D) a range of prices corresponding to the demand curve from P4 and above
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A new business computer will generate net income of $1,000 this year, $800 next year, $400 the year after that, and nothing thereafter. Assume that each year's income is received at the end of the year. What is the maximum amount a firm would be willing to pay for the computer?
a. more than $2,200 b. $2,200 c. $1,000 d. between $1,000 and $2,200 e. less than $1,000
Economics