Little Kona is a small coffee company that is considering entering a market dominated by Big Brew. Each company's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price: Big Brew
High Price Low Price
Little Kona Enter $3 million $5 million -$1 million, $2 million
Little Kona Don't Enter $0, $10 million $0, $4 million
A. Does either player in this game have a dominant strategy?B. Does your answer to part (a) help you figure out what the other player should do? What is the Nash equilibrium? Is there only one?
C. Big Brew threatens Little Kona by saying, "If you enter, we're going to set a low price, so you had better stay out." Do you think Little Kona should believe the threat? Why or why not?D. If the two firms could collude and agree on how to split the total profits, what outcome would they pick?

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; ///blank(1) 75%; blank(2) 40%;

answer/// real gdp decreases to y3 and the price level falls to p3;