In a tit-for-tat strategy, a player
A) randomly punishes its rival.
B) ensures that the joint profit is maximized in each round.
C) copies the action of its rival's prior move in the subsequent rounds.
D) maximizes the joint profit in the game.
C
You might also like to view...
If the exchange rate ________, the quantity of dollars demanded ________ and there is a movement up along the ________ curve for dollars
A) falls; increases; supply B) rises; increases; demand C) falls; decreases; demand D) rises; decreases; supply E) rises; decreases; demand
On average, people in the United States spend a greater percentage of their income on health care than do people in most other countries
Indicate whether the statement is true or false
Oligopolist A cuts price in an attempt to enlarge his share of the market. His competitors fail to retaliate with price cuts. In this case, in Figure 13-3, oligopolist A will move from point A to which point?
A. B B. C C. D D. E
Suppose that a country becomes relatively better than other countries at producing wind generators, in this country
a. structural unemployment and so the natural rate of unemployment will increase. b. structural unemployment and so cyclical unemployment will increase. c. frictional unemployment and so the natural rate of unemployment will increase. d. frictional unemployment and the cyclical rate of unemployment will increase.