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Question 1
A movie theater that charges a lower price for matinees than
for evening showings is
engaging in
Question 2
The market demand curve for a perfectly competitive
industry is QD=122P.
Question 3
An individual is indifferent between a certain payment of
$20 and a game that will pay $50
or nothing with equal probabilities. The individual has a
certainty equivalent coefficient of
Question 4
A market is comprised of five firms and their market shares
are 30%, 25%, 20%, 15%, and
10%. What is the Herfindahl index for the industry?
Question 5
An investment opportunity will pay $10 with a 20%
probability, $20 with a 40% probability,