Dell and Gateway must decide whether to lower their prices, based on the potential economic profits shown in the payoff matrix above. (The profits are in millions of dollars)
If the firms collude and don't cheat, Dell's profit is ________ million and Gateway's profit is ________ million. A) $10; $10
B) $15; $15
C) $5; $20
D) $20; $5
B
Economics
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There are a few ship manufacturers in Polonia and each firm faces a downward sloping demand curve. The ship-building industry in Polonia is an example of a(n) ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
Economics
The other checkable deposits component of the M1 measure reported by the Federal Reserve includes
A) negotiable time deposits. B) money market mutual fund shares. C) automatic transfer from savings accounts. D) money market deposit accounts.
Economics