Given the following “payoff matrix” for two interdependent firms in duopoly, where the figure in the lower left of each box shows Firm H’s profit and the figure in the upper right of each box shows Firm F’s profit.Firm H __________ a “dominant strategy” and Firm F __________ a “dominant strategy.”
A、has; also has
B、has; does not have
C、does not have; has
D、does not have; also does not have
A.raise the wage for insiders
C.offset the market power of a large firm that is the dominant employer in a region.
D.threaten a strike but don’t actually follow through so there are no lost hours of work.
为什么当厂商在产品市场具有垄断势力时,它对劳动力的需求曲线比厂商是竞争性生产时弹性小?
Why is a firm's demand for labor curve more inelastic when the firm has monopoly power in the output market than when the firm is producing competitively?
In a purely competitive market a firm's marginal revenue is always equal to what?A profit-maximizing firm in such a market will operate at what level of output?
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