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Explain the difference between the extensive and the strategic form.
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- What forumals/rules are used and why? Please include the final answers for each partWhich of the following about economies of scale is/are TRUE? One or more than one options may be correct. Answers including the wrong options will be marked as wrong.) a. A profitability decrease in trading and other transaction services results from increased efficiency when Fls perform these services. b. Economies of scale helps Fls solve the information asymmetry problem in direct finance. c. A cost reduction in trading and other transaction services results from increased efficiency when Fls perform these services. d. None of the options are true. e. A cost reduction in trading and other transaction services results from stable efficiency when Fls perform these services.There are two firms, A and B, located on a mile stretch. Firm A has a marginal cost=$4, and Firm B has a marginal cost=$6. For both: N=potential clients in the area=4,000 V=max willingness to pay=$40 travel cost=$8/1mile Please find the best response functions for both firms and graph them.
- Respond to the question with a concise and accurate answer, along with a clear explanation and step-by-step solution, or risk receiving a downvote. Please explain this in detail.Tesla article: Bringing all aspects of Tesla production under one roof will allow Musk to take advantage of economies of scope and scale. Group of answer choices True FalseWhat is cost leadership strategy? Critics say that it is nothing strategy. Do you agree? Give your arguments.