I need help with econ multiple hw questions asap!95) Which of these situations produces the largest profits for oligopolists? A. They produce a quantity of output that lies between the competitive outcome and the monopoly outcome B. They reach the monopoly outcome. C. They reach a Nash equilibrium. D. They reach the competitive outcome.94) Refer to the attached Table 5. When this game reaches a Nash equilibrium, what will the value of trade flow benefits be? A. Canada $35 and Mexico $285 B. Canada $140 and Mexico $275 C. Canada $65 and Mexico $75 D. Canada $130 and Mexico $5 Table 5Consider trade relations between Canada and Mexico. Assume that the leaders of the two countriesbelieve the payoffs to alternative trade policies are as follows:MexicoHigh TariffsCanada trade value = $65Mexico trade value = $75Canada trade value = $35Mexico trade value = $285Low TariffsCanada trade value = $140Mexico trade value = $5Canada trade value = $130Mexico trade value = $275CanadaHigh TariffsLow Tariffs

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Answered: 95) Which of these situations produces…

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 9PA

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I need help with econ multiple hw questions asap!

95) Which of these situations produces the largest profits for oligopolists?

A. They produce a quantity of output that lies between the competitive outcome and the monopoly outcome
B. They reach the monopoly outcome.
C. They reach a Nash equilibrium.
D. They reach the competitive outcome.

94) Refer to the attached Table 5. When this game reaches a Nash equilibrium, what will the value of trade flow benefits be?

A. Canada $35 and Mexico $285
B. Canada $140 and Mexico $275
C. Canada $65 and Mexico $75
D. Canada $130 and Mexico $5

Table 5
Consider trade relations between Canada and Mexico. Assume that the leaders of the two countries
believe the payoffs to alternative trade policies are as follows:
Mexico
High Tariffs
Canada trade value = $65
Mexico trade value = $75
Canada trade value = $35
Mexico trade value = $285
Low Tariffs
Canada trade value = $140
Mexico trade value = $5
Canada trade value = $130
Mexico trade value = $275
Canada
High Tariffs
Low Tariffs

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