Consider the following payoff matrix for a game in which two firms attempt to collude under the Bertrand model: Firm B cuts Firm B colludes
Firm A cuts 6,6 24,8
Firm A colludes 8,24 12,12

Here, the possible options are to retain the collusive price​(collude) or to lower the price in attempt to increase the​ firm's market share​ (cut). The payoffs are stated in terms of millions of dollars of profits earned per year. What is the Nash equilibrium for this​ game?

a. Both firms cut prices.
b. Both firms collude.
c. B cuts and A colludes.
d. A cuts and B colludes.

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Why do police officers get paid less than professional baseball players?

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.