Refer to Figure 8.11. If Fred's profit in the second rectangle from the top were 1,600 instead of 1,500 then the path of the game would be:
A. Fred chooses a small quantity and Barney enters.
B. Fred chooses a large quantity and Barney stays out.
C. Fred chooses a large quantity and Barney enters.
D. Fred chooses a small quantity and Barney stays out.
Answer: B
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Wells Fargo, J.P. Morgan Chase, and Citibank are all primarily:
A. commercial banks. B. mutual fund companies. C. insurance companies. D. securities firms.
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Indicate whether the statement is true or false
As long as prices are rising over time, then
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