Under the non-strategic view of bargaining, the terms of agreement are determined by
a. Your opponent's outside options
b. Your outside options
c. Your opponents gain from agreement
d. All of the above
d
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A lighthouse is a public good
A) because it doesn't cost any more to light the way for 105 ships than it does to light the way for 104 ships, but for no other reason. B) because there is no way to prevent those who haven't contributed to the lighthouse from seeing better because of it, but for no other reason. C) because the government produces it, and for no other reason. D) for the reasons in A and B together. E) for the reasons in A, B, and C together.
If there are no costs in selling mineral water what price should a profit maximizer charge?
What will be an ideal response?
Refer to the following nonlinear model which relates W to P, Q, and R:W = aPbQcRdThe computer output form the regression analysis is: 
Based on the info above, which of the parameter estimates are statistically significant at the 5% level of significance?
A. All parameter estimates except â and b? are statistically significant. B. â is not statistically significant, but all the rest of the parameter estimates are significant. C. c? is not statistically significant, but all the rest of the parameter estimates are significant. D. All the parameter estimates are statistically significant.
The decreasing portion of a firm's long run average cost curve is attributable to:
A. diminishing returns to scale. B. increasing marginal cost. C. economies of scale. D. diseconomies of scale.