Question

9. If a single strategy is always optimal, regardless of opponents' strategies, then it is a a. First-mover advantage b. A Nash equilibrium c. Prisoners Dilemma d. A dominant strategy 7. In a market with a monopolist, which of the following pricing strategies maximizes total social welfare (no deadweight loss)? a. Perfect price discrimination b. Block pricing C. Group price discrimination d. None of the above; all monopolist pricing strategies create a deadweight loss 8. In a market with a monopoly that faces direct demand Q(P) = a - bP, and cost function c(Q) dQ- eQ? then the firm's marginal revenue function is 2 Q b 2 b. -Q b C. a – 2bQ = a a. a d. none of the above

Answer 1

9) :- D is right option

dominated strategy is defined as any other strategy available to a player who has a dominant strategy.

7) :-A is right option

Price Discrimination is defined as charging different prices to different consumers for the same good

Sorry for last one