A sub-game perfect Nash equilibrium is defined as
A) a set of strategies that are a Nash equilibrium in every subgame of a static game.
B) a set of strategies that are a Nash equilibrium in every subgame of a dynamic game.
C) a set of strategies that are a Nash equilibrium in a single subgame of a dynamic game.
D) the game within the game.
B
You might also like to view...
In the money market, a condition of excess supply of money can be eliminated by a ________ in aggregate output or a ________ in the interest rate, everything else held constant
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
An indifference curve
A) connects a set of consumption bundles among which the consumer is indifferent. B) is only useful in analyzing apathetic consumers. C) connects a set of consumers who each have the same preferences. D) is only useful in microeconomics.
The price received by sellers in a market will decrease if the government
a. increases a binding price floor in that market. b. increases a binding price ceiling in that market. c. decreases a tax on the good sold in that market. d. None of the above is correct.
The employee is thinking like an entrepreneur in which of the following situations?
What will be an ideal response?