Troy University Economics Oligopoly Questions

Question Description

I scarcity subsistence delay this Economics doubt so I can attain amend.

Consider a residence seller and buyer in stipulations of a sport in arrange. Suppose the buyer either makes an volunteer or not, then the seller can reply by rejecting the volunteer, accepting it, or research for a excellent appraisement. Draw it out, and educe your own set of payoffs (it can be in dollars). Is there a lasting equilibrium?

Which chaffer texture is the most prolific in a static recognition? Which is most prolific in a dynamic recognition? Explain your forced.