Secrecy is power...unless...Discuss, for the case of the Ku Klux Klan, the impact of secrecy as power and how that power was decreased as secrets were exposed. This is from freakonomics chapter

Q: Q3. Consider the following game (i) (ii) (iii) Write down the expected payoffs for each player's…

A: The payoff matrix of the game is Player 2LeftRightPlayer 1Top8,21,6Bo3,54,1

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A: Given:MC: Marginal CostN is the number of firms in the marketFormula:

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A: Marginal cost is $1.i.e., MC = 1The price-elasticity of demand is 4.i.e., Ed = 4

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