The Nash equilibrium of this game is: Low, Up. High, Down. High, Up. Low, Down 2. If a monopoly is maximizing profits then, price will always equal...

1.The Nash equilibrium of this game is:

Low, Up.

High, Down.

High, Up.

Low, Down

price will always equal marginal cost.

3.If a firm has market (monopoly) power but cannot prevent its customers from reselling the product to other customers, the firm will:

engage in second-degree price discrimination.

produce a quantity of output at which price equals marginal cost.

engage in first-degree price discrimination.

produce a quantity of output at which marginal revenue equals marginal cost.