Collusion:
A) is necessary to achieve an outcome better than a Nash equilibrium.
B) is legal in the United States.
C) always results in a Nash equilibrium.
D) eliminates cheating.
Answer: A) is necessary to achieve an outcome better than a Nash equilibrium.
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U.S. exports are goods and services
A) produced abroad and sold to Americans. B) produced in the United States and sold to Americans. C) produced abroad and sold to foreigners. D) produced in the United States and sold to foreigners.
The national income accounts for the United States are prepared by the
a. Bureau of Labor Statistics. b. U.S. Department of Commerce, Bureau of Economic Analysis. c. Federal Reserve Board. d. president of the Council of Economic Advisors.
Explain the difference between diminishing returns to labor and diminishing marginal returns to labor
What will be an ideal response?
A move from D4 to D3 is a(n) _____.
A. an increase in quantity demanded
B. a decrease in quantity demanded
C. an increase in demand
D. a decrease in demand