Match the answer with the correct Diagnostic Test

Ointment may be applied to the lips to avoid _________.

Who was the fascist dictator of Nazi Germany?

The Cold War resumed in the early 1980s under Ronald Reagan when proxy wars erupted in which two countries?

What was Watergate?

Which side of Vietnam won the Vietnam War?

Which of the following statements is true about firms in a perfectly competitive market?

During the height of the pandemic, many airlines substantially cut back on the number of flights offered each day. Now, as demand has increased as people begin travelling again, Delta and United are considering adding flights to their current daily schedules. The following payoff matrix describes the payoffs associated with adding flights or maintaining their current number of flights, where payoffs are listed in millions of dollars. Suppose that, in an effort to further incentivize United, the U.S. government decides to offer United an $8 million subsidy if they decide to increase their # of flights. This subsidy will be paid to United regardless of Delta’s actions. Based on this subsidy, what is the Nash equilibrium in this subsidized game?  

A major sports league, comprised of 200 players, reported a loss of $519 million in 2021.  The sports league has yearly fixed costs of $700 million. The league is considering shutting down for the 2022 season and selling the rights to their players to a rival league for the entire 2022 season. What is the lowest price the sports league would be willing to accept (indifferent) for the rights to all of their players, which would then lead to a shut-down for the 2022 season? Assume this is a short-run decision and all relevant numbers are presented in the problem.

Recent reports have shown that the streaming giant, Netflix, is losing subscribers and viewers of its programs. However, its rival, Hulu, just reported its highest viewership ever with the premiere of The Kardashians. Both streamers are deciding on their advertising budgets for the second half of 2022. Each firm can either choose to “maintain” their current level of advertising or can “increase” their current level of advertising. The payoffs associated with these decisions are shown in the matrix below. Which of the following statements is true?