The Table Below Shows the Payoff (Profit) Matrix of Firm

question 44

Multiple Choice

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2

-Which of the following is an example of a positive externality?

• A)Smoking a cigarette
• B)Driving a less fuel efficient vehicle
• C)Setting up a chemicals factory in a residential area
• D)Overuse of chemical fertilizers
• E)Beekeepers keeping bees for honey

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Definitions:

Proposition

A declarative sentence that can be evaluated as true or false and forms the basic unit of meaning in logic and philosophy.

Architect

A professional who plans, designs, and oversees the construction of buildings.

Predicate

In grammar, it's the part of a sentence or clause containing a verb and stating something about the subject. In logic, it's the part of a proposition that asserts something about the subject.

Subject

The person, place, thing, or idea that is being discussed or described in a sentence, or the area of study one focuses on.