2. If cod fish is taxed at $3 a kilogram, who pays the tax respectively? (A) Consumers pays $0 per kilogram, and suppliers pay $3 per kilogram (B) Consumers pays $1 per kilogram, and suppliers pay $2 per kilogram (C) Consumers pays $2 per kilogram, and suppliers pay $1 per kilogram (D) Consumers pays $3 per kilogram, and suppliers pay $0 per kilogram

7. Uber Eats and Food Panda must decide whether or not to start a promotional campaign in the Sanxia area. The potential economic profit by each food delivery services, depicted in the payoff matrix above, depends on whether the other service also start a campaign. Which of the following statements is true? (A) If Food Panda starts a campaign and Uber Eats does not, Food Panda will earn a $20 million economic profit. (B) If Uber Eats starts a campaign and Food Panda does not, Uber Eats will earn a $20 million economic profit. (C) The Nash Equilibrium of the game is when both Food Panda and Uber Eats do not a campaign. (D) Food Panda and Uber Eats can work out a joint strategy that can generate an outcome better than the Nash Equilibrium. Price (dollars per kilogram) Quantity (kilograms of salmons)

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