In a static game, firms
A) compete multiple times until there is a winner.
B) compete only once.
C) must have complete information.
D) act sequentially.
B
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Which of the following can a firm use to reduce competition in the market?
a. Locking in customers to long term contracts b. Seek an exclusive government contract c. Acquire patents d. All the above
Kathleen is considering expanding her dress shop. If interest rates rise she is
a. less likely to expand. This illustrates why the supply of loanable funds slopes downward. b. more likely to expand. This illustrates why the supply of loanable funds slopes upward. c. less likely to expand. This illustrates why the demand for loanable funds slopes downward. d. more likely to expand. This illustrates why the demand for loanable funds slopes upward.
Suppose, Nelson & Robinson, a renowned manufacturer of herbal products, introduces 16 new varieties of facial cleansers and shower gels within the same year. This will allow the company to dominate the shelf space at retail stores and crowd out new entrants in this market
Indicate whether the statement is true or false
Zero-price products and services exist only in the technology sector.
Answer the following statement true (T) or false (F)