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Transaction costs of reaching a “collusive agreement” are low if
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- What is an example of a legal collusive agreement?Please solve the attached OPERATION RESEARCH problem with a topic of GAME THEORY as per attached file. ThanksWhich of the following statements is correct? a. In a principal-agent model, the party who proposes the contract is called the principal. b. In a principal-agent model, the party who decides whether or not to accept the contract and then performs under the terms of the contract (if accepted) is called the agent. c. In a principal-agent model, the agent is usually the party with asymmetric (or better) information. d. All of the above.
- Assume Waterland and Aquataste make a nonbinding, informal agreement that each will produce 250 gallons of water, charge $1.50 per gallon, and evenly split the profit of $750. If Aquataste reneges on the agreement and produces 350 gallons, Waterland has an incentive to renege on the agreement by producing 350 gallons because Waterland’s profits would increase to $_____ , which is better than the $312.50 Waterland would earn by sticking with the agreement. (Provide your answer to two decimal places.)Collusive agreements can be established and maintained by: a. Credible threats. . b. One-time games. c. Empty threats d. First-mover advantage.Ready Foods contracts to buy two hundred carloads of frozen pizzas from Speedy Distributors. Before Ready or Speedy starts performing, can the parties call off the deal? What if Speedy has already shipped the pizzas? Explain your answers.
- Explain how strategic alliances are a substitute for exploiting economies of scope in diversification.Online aggregators are more comprehensive than the home listing service that real estate agents useAssume Waterland and Aquataste make a nonbinding, informal agreement that each will produce 250 gallons of water, charge $1.50 per gallon, and evenly split the profit of $750. If Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons because Waterland’s profits would then increase from $375 to $______ . (Provide your answer to two decimal places.)
- Why do authorities in most countries have laws and regulation to prevent collusion?Please solve the OPERATION RESEARCH problem with a topic of GAME THEORY as per attached file. ThanksBill has been adjudicated by the court to be mentally incompetent. Any contract that bill would enter into would be void? True or false