Which of one the following statements is correct?   A. The Cournot model is simply wrong because in the real world firms do make pricing decisions.   B. Only the Bertrand model can be right because in the real world firms do make pricing decisions.   C. The Cournot model can be justified as a reduced form of a dynamic game in which firms make decisions on quantities, which are followed by pricing decisions.   D. The Cournot model are justified because in all real world markets there are auctioneers who play the function of clearing the markets.

Which one of the following statements about the Bertrand model is incorrect?   A. The strategic variables of the game are the prices.   B. With homogeneous product and identical constant marginal cost among the firms, the Nash equilibrium outcome is referred to as the "Bertrand paradox".   C. The Bertrand model and its predictions differ from the Cournot model in important ways.   D. One of the above is incorrect.

Consider a modified Traveler’s Dilemma. In terms of strategy options that the players have and the dollars they earn, it is like the standard Traveler’s Dilemma, but the players do not have endless appetite for money. Up to 100 dollars, each dollar feels like a dollar. But any moneybeyond 100 is psychologically like 100 dollars. Assuming that players are maximizers of ‘psychological’ dollars instead of real dollars, describe all the Nash equilibria of this modified Traveler’s Dilemma.

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

rituo? A. Identify the pure-strategy Nash equilibrium/a in the game below, and identify the Pareto efficient strategy combinations. (You may simply state these, you do not need to show how you derived your answer.) B. Identify the mixed-strategy equilibrium to the game. Show your work. You may use the equations from the "generic" 2X2 game if you wish. Doing it the long way is fine, however. C. State the payoff for each player in the mixed-strategy equilibrium. Is the mixed-strategy combination Pareto efficient? Player 1 U D 20 Player 2 L (10,15) (1,5) R (0,6) (1,6)

A sequential game can be used to analyze whether a retail firm should build a large store or a small store in a​ city when the correct choice depends on whether a competing firm will build a new store in the same city. Which of the following is used to analyze this type of​ decision?   A. an either minus or graph   B. a decision matrix   C. a sequential matrix   D. a decision tree

Table A shows the pricing options for two drone operators, Andrew and Jasmine, as an oligopoly in a local market. Which of the following pricing strategy scenarios does Table 2 depict, when there are at least two pricing periods expected? Table A Drone Operator Jasmine LOW Price Drone Operator Jasmine HIGH Price Drone Operator Andrew LOW Price Andrew Low Jasmine Low Drone Operator Andrew Charges LOW Price: gets $1,000 profit Drone Operator Jasmine Charges LOW Price: gets $1,000 profit Drone Operator Andrew Charges LOW Price: gets $2,000 profit Drone Operator Jasmine Charges HIGH Price: gets $0 profit Table 2 Pricing Strategy Scenario TABLE 2 First Period First Price Choice Period (High or Profit Low) $1,000 $1,000 Drone Operator Andrew HIGH Price Drone Operator Andrew Charges HIGH Price: gets $0 profit Drone Operator Jasmine Charges LOW Price: gets $2,000 profit Drone Operator Andrew Charges HIGH Price: gets $1,500 profit Drone Operator Jasmine Charges HIGH Price: gets $1,500 profit…

See attachments

Which one of the following statements is TRUE? Select one: a. None of the options b. Every Nash equilibrium involves dominated strategies c. Every Nash equilibrium is с. pareto efficient d. Every Nash equilibrium is unique e. Every Nash equilibrium involves dominant strategies

True/False For each of the following, you MUST indicate whether the statement is TRUE or FALSE and you MUST explain why. 1. 2. 3. 4. 5. A Nash Equilibrium is always Pareto Efficient. When there is production, a Competitive Equilibrium is not always Pareto Efficient due to possible increasing returns to scale. A Prisoner's Dilemma must involve prisoners. This is what makes the model interesting. A Pigouvian Tax to correct for the inefficiencies caused by a negative externality should be corrected by placing the tax between the Private Demand and the Social Demand at the intersection of Supply and Private Demand. To find the Social Welfare Function, simply add up the individual utility functions of each member of society.