Business and Management False/True quiz help needed!Watch
2 Conjectural variation assumptions play a very important role in the definition of a Nash Equilibrium (simultaneous move game) in oligopoly.
3 The European Evaluation Agency (EMEA) is the organisation in charge of approving the licensing of new drugs and decides whether the approved drugs should be introduced in the reimbursement list of EU countries.
7. Fully nationalising a firm (i.e. making a firm target the maximisation of social welfare) is a way to regulate an oligopolistic market and achieve social optimum (First Best).
8. A firm may obtain higher profits hiring a manager and writing a contract that makes the manager less sensitive to profits.
9. We should always expect that a monopolist provider who targets profit maximisation will provide a suboptimal level of quality of health care.
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