Sequential games are often used to analyze which two types of business strategies?
A) deciding to end production of an unprofitable product and deciding to shut down temporarily
B) deciding to merge with another firm and deciding how much to spend on an advertising campaign
C) deterring entry by another firm and bargaining between firms
D) whether to invest in research and development and whether to offer employees an early retirement package
C
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Refer to the diagram, which relates to Firm A. Which of the following would shift A's average total cost curve from ATC 1 to ATC 2 ?
A. An increase in the price of a key component used by A in producing its product.
B. A decrease in the incomes of A's customers.
C. A move along A's total product curve (not shown).
D. An improved production method that shifts A's total product curve upward.
After accounting for taxes and various welfare programs, economist Timothy Smeeding estimates that the average European country's anti-poverty programs reduce their poverty by 60% while
A. U.S. anti-poverty programs reduce poverty by more than 83%. B. U.S. anti-poverty programs actually increase poverty by 6%. C. U.S. anti-poverty programs have virtually eliminated poverty among sociologists. D. U.S. anti-poverty programs reduce poverty by only 26%.