Please show me the process A. a)in equilibrium, both will charge $4 per hour, b)
ID: 1100818 • Letter: P
Question
Please show me the process
A. a)in equilibrium, both will charge $4 per hour, b) is best for a player, regardless of what strategy other players follow
B. a)in equilibrium, both will charge $5 per hour, b) makes every player better off
C. a)in equilibrium, Sarah will charge $5 per hour; Marisa will charge $4 per hour, b)is optimal
D. a)in equilibrium, Sarah will charge $4 per hour; Marisa will charge $5 per hour, b)not optimal
E. None of the above.
A. a)in equilibrium, both will charge $4 per hour, b) is best for a player, regardless of what strategy other players follow
B. a)in equilibrium, both will charge $5 per hour, b) makes every player better off
C. a)in equilibrium, Sarah will charge $5 per hour; Marisa will charge $4 per hour, b)is optimal
D. a)in equilibrium, Sarah will charge $4 per hour; Marisa will charge $5 per hour, b)not optimal
E. None of the above.
Explanation / Answer
A. a)in equilibrium, both will charge $4 per hour, b) is best for a player, regardless of what strategy other players follow
Acoording to Cooperative Behavior in Oligopoly
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