In game theory, a dominant strategy refers to a choice
Question 14
Which of the following is a device that controls imports
and generates government
revenue?
Question 15
There are two U.S. locations where your company is
currently the only producer of soda.
You currently make 40 in each location, but Pepsi is
entering the markets. What decision
should you make? (the chart applies to each location)
Question 16
A firm that is considering one independent project should
accept it if
Selected Answer: the internal rate of return on the project
exceeds the firm's cost of capital
Question 17
A monopolist faces a marginal revenue function of MR =
20 Q.
The monopolist's
marginal cost is $15 at all levels of output. How many
units of output should the firm
produce in order to maximize profits?