Professor Binmore has a monopoly in the market for undergraduate game theory textbooks. The time discounted value of Professor Binmore's future earnings is $2000. Professor Ditt is considering writing a book to compete with Professor Binmore's book. With two books amicably splitting the market, the time discounted value of each professor's future earning would be $200. If there is full information (each professor knows the profits of the other), under what conditions would Professor Binmore deter the entry of Professor Ditt into his market?

answer; communication channel;

i know right it’s not fair some people are just so rude unlike you your actually trying to get to know people and i think that is very kind

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer; niosh, the national institute for occupational safety and health;