BA 578: Chapter-1 Instructions: Introduction & Definitions
By Dr. Kishor Guru-Gharana
Why Statistics? Like mathematics the tools of Statistics can be universally applied
to any field which involves numbers and values which depend on chance or have
a. Firm 2 has incentive to enter so Firm 1 earns profits of $300 thousand.
b. Although eliminating the fee, Firm 2 still has an incentive to enter. Firm 1
earns profits of $340 thousand.
c. Firm 2 has no incentive to enter in this case, so Firm 1 earns