Moving to another question will save this response. Question 39 Exhibit 13-4 sho

Question

Moving to another question will save this response. Question 39 Exhibit 13-4 shows the advertising strategies of two oligopolistic firms. The dominant strategy: Exhibit 134 Firm B Do Not Advertise Advertise Do Not Advertise $60 million, $50 million Advertise $70 million, $10 million $20 million, $70 million Fim A S50 Million, $40 million 0 a for both firms is to advertise. 0 b. for Firm A is to advertise, while that for Firm B is to not advertise. O a. for both firms is to not advertise. O d. for Firm A is to advertise, while that for Firm B is to not advertise. Moving to another question will save this response. MacBook Pro

Explanation / Answer

39> a

Reason

A strategy is dominant if, regardless of what any other players do, the strategy earns a player a larger payoff than any other possible strategies. Here advertising is the dominant strategy for both of them.

40> d

Reason

Here the pollination was unintended consequiece of the beekeeper and it is also a positive one.

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