* **** ***** ** ** Equilibrium *** * Nash Equilibrium) we ****** ******

**** the ********** *** there ** *** **** ****** ***** *********

***** **** **** ** ****** * ********** *********

******* **** **** care what ** *****

this is ****** * dominated *********

2 ** ******** ***** Nash *********** ******** a player ** ********** ***

********* his or her *** behavior

make the ******** favor * ****** of action ********* ** the ***** player

********* *** outcome ** ********

**** *** opponent *********** ******* one action *** ********

**** of the above

3 ******** ******** *** ******* ********** can ******* * ********** ****** of *********** ********* ****** *****

*** ******** ** ****** *** ********** **** ******** *** ********

******* ***** *** a ***** dominant strategy

the ******* *** ** ******* for just causes

the hostage ** **** valuable **** *** ***** *********

the hostage ** difficult ** ********

4 * ******** ******** ******* from a **** *********** ******** in *****

**** *********** ******** does not ****** **** ***** **********

******** strategy ******* best reply responses

only **** ******** ******* ** ************ ******

one ******** ******** ** ********** ** ******* ******** ** * ************ game

**** ******** ** ***** *******

* *********** in ******** ************** ******* ********** ***** to be ******** ** *** ** *** following *******

******* ********** schemes

******* of *********** ********

**** trigger *********

****************** ******** ******* ** punishment

*** *** tat strategy

* *********** pricing **** ****** ** *** ******* expense ********** *** day is *******

**** ********

******** **** pricing

******* ********

******** pricing

**** cost ********

* ******** ***** ** ****** ********** ******* visits to disparate ******** ****** ********* *** *** ******* ******** * **** ** second ****** price discrimination is **** ********** when:

*** ********** ******** ** *********** ********** ******** are negatively correlated

A preference ** ****** is ****** ****** **** preferences *** ******** vistas

********** ******** ** *********** ********** ******** *** ********** correlated

********** for the ******* ** always ****** **** *********** *** city ***********

** one wants to **** * European ******** ******* ** ****** mountains *** *** seaside

* ***** ** *** following pricing ******** **** ********** **** * ******* should ** expanded ********** ** **************

********* ******* *******

target-pricing policy

marginal-pricing *******

market-share ******* policy

markup ******* *******

9 ** ******** ******* * ********** **** ******* ** price discrimination must ******** output ** such * *** ** to **** identical the ____ in *** ********

***** ** ***** to ******** cost

Ratio of ******** **** ** ******** ********

***** ** price to elasticity

Marginal revenue

None ** *** ******

** **** ** the price ** which an ************ good or ******* ** transferred from the ******* to *** ****** ******** ****** the **** *****

*********** ******

******** price

********* ******

Transfer ******

None ** *** above

11 **** ****** bicycle ******* ********* *** ******* ******** repairs *** do not ******* the ******** selling ******* **** Schwinn has ******** ** **** ** *** ********* **** *** cannot ******* ** less **** prohibitive **** *** ************ has *********** a problem ** *****

Reliance *************

************

***** *******

Creative ingenuity

********* *********

** **** borrowers *** ** *** ****** ** ***** are able to hide ***** bad ****** histories * ************ **************** borrowers *******

******** ** ********** authorities

******** ***** **** applications

***** more ********** ** ******** *** lower ******** ********

Divulge ***** **** *********** ** their loan *************

**** for * pooling ************

** ** ********** *** purpose * ****** profit-sharing ******** *****

****** *** employee to **********

*********** a **** ** conduct **** **** ** ********* *** *********

**** either the ************* or *** ********* compatibility constraint

********* * ********** ************

Not ******* ***********

** ** ********** *** purpose * ****** profit-sharing ******** *****

** **** someone ********* ** ** a task but ***** ** *** **** ****** **** *** *********** ** ** ********* *** *** lack ** ****** ** not ************* ********** **** **** ** ****** constitutes **

Breach ** *********** ************

****** ** **** **********

**** ** ***********

***** hazard

** The ******************** ***** ***** ********* ** **** *** ********** ****** ** a ******* of *****

****** **************

****** *************

************* ****************

***** ***************

**** ** *** ******

17 *** ********* laws ******** all ** the following ******** decisions except *****

**********

********

************ **********

***** ***************

**** levels

** *** ***** *** barriers ** ***** and **** *** more ****** * ****** ********* **** *** **** ****** ******

Monopolistic competition

********* contestable

**********

*********

None of the above

** **** yields the **** results ** *** ****** of ******* *********** but requires ************* ***** *********** **** the ********* competitive ******

************** sales ************ ***********

*** Pareto ********** **********

The ******* ******

The ****** of *********** ********

**** ** the ******

** ____ ****** ******** * ***** ***** ******** or ***** costs arising **** an ******** transaction ** ***** the ********** (or ****** is *** a ****** ************

********* benefits and ******

Externalities

************

Monopoly costs *** benefits

**** ** *** ******

** ************ ******** is *** ****** sector *********** to ____ **** ** ******* *************** ******

***** *********

break-even analysis

******* ********* ***********

economic ************

**** of *** ******

** *** ******* used ** *********** *** ********** **************** **** ** ******* *** equal to *** proportion of debt *** equity *****

**** ** ******* *** ********

**** to finance *** ******** ********** **** *****

** *** ******** ******* ******* structure

** *** ********** ****** capital **********

**** ** *** above

** ** ***** ** **** ****** **** *** ******** ******* **** ** considered *** capital-expenditure ********* ******* ****** include *** ********* ***** ********

********** *********** capital-investment ******* **********

********** **** ***** *** *** ******* proposals

reviewing the ********** projects ***** **** **** **** ************

******** ******** to the ******* ********* ****** *** firm

* *** **

** *** social **** of ******** ** best ************ by:

*** **** ** ********** **********

*** opportunity cost ** ********* taken from *** private *******

* percent

30 percent

**** ** *** ******

** In *** constant-growth ******** ********* ***** *** required **** ** ****** on ****** ***** *** **** of ****** ******** can ** shown to ** equal ** the *** of *** ******** ***** **** *** *****

******************

******* ***** ******

risk-free *****

******** ****** *****

**** ** *** *****

Click here to download attached files:
ECO 550 NEW 2016 Midterm Part 2 -.docx