Choose a,b,c,d 12. In the game above, who has dominant strategy? A) Player A has a...

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Choose a,b,c,d

12. In the game above, who has dominant strategy? A) Player A has a dominant strategy C) B) Player B has a dominant strategy Both players have dominant strategies. D) Neither player has a dominant strategy 13. Which one is the Nash equilibrium? A) firm A competition, firm B competition. C) firm A collusion, firm B competition. B) firm A competition, firm B collusion. D) firm A collusion, firm B collusion. In the following game, all payoffs are listed with the row players payoffs first and the column players payoffs second (19-20) Player B B1 B2 Player A A1 5, 6 7,2 A2 4,5 9,1

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11. The demand for a monopolist's product is given by Q - 400 4P while the...

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