When cost and demand are stable over time in an industry, repetition of Prisoners' Dilemma situations
A) can yield cooperative outcomes because firms can explicitly collude to set prices.
B) can yield cooperative outcomes even when firms do not explicitly collude to set prices.
C) cooperative or noncooperative outcomes may occur, but cooperation is harder than when the market is unstable.
D) will tend to yield noncooperative outcomes.
E) will always yield noncooperative outcomes.
B
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Dee's TV Repair is the only TV repair shop in a small town. Dee is a single-price monopolist. Based on the demand and cost information in the table above, what quantity of TV repairs should Dee undertake?
A) 0 per week B) 10 per week C) 20 per week D) 30 per week
Job and pay disparity between men and women is explained fully by the job interruption that accompanies childbirth
Indicate whether the statement is true or false
Spending a lot on advertising is a credible signal because it:
A. conveys the firm's confidence in the high quality of their product. B. persuades the consumer to perceive high quality of a product, even if it doesn't exist. C. conveys the firm's confidence in its ability to convince the consumer to buy. D. None of these explains why advertising can be a credible signal.
The iPhone costs billions of dollars to develop. Discuss why this product is available to the average person in the United States
Please provide the best answer for the statement.