【单选题】A monopolist tries to sell one unit of experience good to a consumer for two periods. The quality of the good takes two levels, L and H, with L . The consumer's willingness to pay for the good is and...
A.
If the monopolist quality is high, he charges price equals to 1 and gains 1-c.
B.
If the monopolist quality is low, hecharges price equals to 1/2 and gains 1/2 −c.
C.
If the monopolist quality is high, he charges price equals to c and gains zero profit
D.
If the monopolist quality is low, he can be active in the market under full information
【简答题】We enclose a trial order. If the quality is up to our expectation, we shall send further order in the near future. Your prompt attention to this will be appreciated.
【单选题】Following excercise (1), now suppose consumers cannot see the product quality before purchase. She can only infer the product quality based on the advertising strategies of the monopolist. If the H qu...
【简答题】翻译:( 5 分) We enclose a trial order. If the quality is up to our expectation, we shall send further order in the near future. Your prompt attention to this will be appreciated.