Two firms produce identical products at zero cost, and they compete by setting prices. If each firm charges a low price, then both firms earn profits of zero. If each firm charges a high price, then each firm earns profits of $30. If one firm charges a high price and the other firm charges a low price, the firm that charges the lower price earns profits of $50 and the firm charging the higher price earns profits of zero. Explain and show your work: A. Which oligopoly model best describes this situation?
B. Write this game in normal form. ther firm.
C. Suppose the game is infinitely repeated. Can the players sustain the "collusive outcome" as a Nash equilibrium if the interest rate if 50 percent?

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.