Game theory applies to problems that arise in
A. perfect competition.
B. monopolies.
C. oligopolies.
D. pure competition.
Answer: C
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A) cleaning up the sidewalk on your block B) graduating from college C) keeping a junked car parked on your front lawn D) repainting the house you live in to improve its appearance
Between 1860 and 1910, the _______________ industry showed the greatest percentage increase in value added per worker
a. cotton textile b. men's clothing c. lumber d. machinery
If two goods are substitutes in consumption, a(n):
a. decrease in the price of one product will cause an increase in the demand for the other product. b. decrease in the price of one product will cause a decrease in the demand for the other product. c. increase in the price of one product will cause an increase in the supply of the other product. d. increase in the price of one product will cause a decrease in the supply of the other product. e. increase in the price of one product will cause a decrease in the demand for the other product.
Which of the following would cause the supply of dollars curve in the United States to shift to the right?
a. Japanese imports become less popular. b. The value of the dollar falls. c. The supply of dollars decreases. d. Japanese imports became more popular.