Question: i got these wrong, please help: Question 11 0.75 points In a competitive market, each firm is making a profit What is expected to happen




i got these wrong, please help:




Question 11 0.75 points In a competitive market, each firm is making a profit What is expected to happen in the long-run? The market demand will increase. The market demand will decrease. The market supply will increase. The market supply decrease.Question 12 0.75 points Saved In Prisoner's Dilemma, which one of the following makes the attainment of cooperative outcome more likely? O I' the game is only played once and players know the devastating retaliation of non-cooperation. O Wplayers realize that their mutual interest best served if they cooperate. O I players realize that, if they fail to cooperate, offers will do the same. OF' the game is played repeatedly and there is a threat of retaliation against those who refuse to cooperate.Question 13 0.75 points Saved Nosh Equilibrium occurs when; O All players comply with a collusive agreement O Each player takes the best posable acion given the strategies chosen by other players Q A player selects the beat strategy regardless of other players' strategies O One player cheats until other players cooperate, and then the first player cooperates as well.Question 14 0.75 points A monopolistic competitor that is losing money, in the short-run will O Raisa price to reduce its losses. Lower price to increase sales and increase total revenue to reduce losses. Continue to produce as long as variable cost is being covered. O Keep the price came and increase the output enough to and he losses
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