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A: Answer to the question is as follows:
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- 2. Film producer S costs c=20 to produce one film. B, an online movie distributor, earns v=120 if the movie is distributed. In order for B to distribute the movie, it must be purchased from S. If there is no transaction between S and B, each earns a profit of zero. Find the sum of S's profit and B's profit by the transaction price formed when S and B's bargaining power is 50:50.What Is Win-Win Negotiation?A 1st attempt Which of the following are examples of collusion? Choose one or more: A. The two firms in a small rural town that employ most of the people in that area agree to keep wages low. B. The two leading cell phone manufacturers apply the same new technology, which increases productivity for both. C. All the gas stations along the Gulf coast increase their prices after a hurricane devastates communities near the water. D. Three major airlines meet to discuss pricing strategy and as a result prices for airplane tickets rise. E. The menu prices at restaurants in New Buffalo, Michigan, a small lakeside town, increase during the summer months and decline starting November 1.
- Discuss the formation of collusion. Why is it beneficial for firms? What is the main observed problems of collusion? You can use graph in your answer.Although self‑driving cars are still not trusted by most consumers, demand for them among technology enthusiasts has encouraged auto manufacturers to invest huge sums of money into their development. a. Self‑driving cars are currently on the a.upward‑sloping b.downward‑sloping portion of the network demand curve. b. Since every major automaker is investing in self‑driving technology, the industry a.has not reached b.has reached its tipping point.Question 2.Explain how organizations can collude to raise prices of products like sugar using the concept of market forces???
- QUESTION 3 Smalltown has 140 residents and two mobile phone providers: Verizon and AT&T Each firm's costs: FC = $0, MC = $10. Assume the two firms collude, how much profit does each make if they share it equally? P Q TR TC Profit 45 50 40 60 35 70 30 80 25 90 20 100 15 110 10 120 5 130 0 140 O Q = 30, P = $40, profits = $900 Q = 40, P = $30, profits = $800 Q = 60, P = $10, profits = $0 Q =25, P = $45, profits = $875Pirates of the Caribbean When Spain colonized the New World, they extracted untold riches from there to finance their wars in Europe. The gold and silver had to be transported back to Europe on ships and these were attractive targets for pirates and privateers from other countries. Imagine the fictional Capitano Juan Barcodoro, who is in Cartagena and has to bring his cargo safely back to Sevilla, but he knows that the ruthless French pirate François Dragon is lurking. He can sail one of two routes: following the coast to Trinidad or go for Santo Domingo on Hispaniola. The pirates have to decide where they try to intercept him. Barcodoro is on the left and François Dragon on top, and their payoffs are on the left/right. Juan François Trinidad Hispaniola 5/-2 Trinidad -8/6 Hispaniola 2/-3 -8/7 What is Barcodoro's best response if he believes the pirates are at Trinidad? What if he believes they are at Hispaniola? Also find the pirates' best responses. Is there a Nash equilibrium in pure…Why can Q-learning sustain collusion? a. Because collusion maximizes firms' profit. b. Because collusion is the Nash equilibrium of the pricing game, even if it is played only once. c. Because the algorithm takes into account future profits, and learn that price cutting today will lead to price war tomorrow. d. Because firms use the algorithm to communicate with each other and sustain collusion. 21 Suppose a platform tries to recommend the best movie to Ann and Ben. Movie 1's quality is uniformly distributed from 0 to 1. Movie 2's quality is uniformly distributed from 0.5 to 1. Suppose the platform recommends a movie to Ann and Ben at the same time. What are the expected quality of movie 1 and 2, and which one should it recommend? a. 0.5, 0.5, movie 1. b. 0.75, 0.5, movie 1. c. 0.5, 1, movie 2. d. 0.5, 0.75, movie 2.