If B chooses strategy 1, A will choose: A (payoff first) Strategy 1 A Strategy 2 B (payoff last) Strategy 1  A=3, B= -3 A= 10, B= -1  B (payoff last) Strategy 2 A=1, B=6 A=5, B=2

If consumers view Diet Pepsi and Diet Coke as substitutes, what would happen to the equilibrium price and quantity of Diet Coke if the price of Diet Pepsi rises?

If a 10% increase in the price of one good, A, results in an increase of 5% in the quantity demanded of another good, B, then it can be concluded that A and B are  

The fact that movie theaters offer matinee discounts rather than nightly surcharges is an example of:

Suppose the government passes laws that requires school lunchrooms to provide healthy options. This would be an example of a:

If average movie attendance is 250 million when prices are $7 a ticket and 200 million when prices are $9 a ticket, the elasticity of demand for movie tickets is about:   Use the midpoint method,   (Round to two decimal places.  If you miss it because of a rounding error, I will give you the credit still)  

There are a few large cell phone providers in America (AT&T, Verizon, T-Mobile, etc).  Each company carefully watches and plans their strategies based on their rivals actions.   The market for cell phone providers is best categorized as a:

Price ceilings and price floors:

Use the following graph for a competitive market to answer the question below. A price ceiling of $10 per unit will result in             

Use the following table to answer the next question.  The table shows the total costs associated with varying levels of output produced by a perfectly competitive firm.   Output Total Cost 0 $1,400 1 1,600 2 2,000 3 2,600 4 3,500 5 4,800   If the product sells for $800 a unit, the firm’s profit-maximizing output is