What is true about dominant strategies in the game in Scenario 13.11?

A) R1 and C1 are dominant strategies.
B) R1 and C2 are dominant strategies.
C) R2 and C1 are dominant strategies.
D) R2 and C2 are dominant strategies.
E) There are no dominant strategies.


D

Economics

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The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. An industry spy comes to firm B and offers to pay B in exchange for B's certain and enforceable promise to not invest. How much must the spy pay B?

A. At least $15 million. B. At least $50 million. C. At least $35 million. D. $0

Economics

Keynesian macroeconomic theory may be summarized by the idea that demand creates _____.

Fill in the blank(s) with the appropriate word(s).

Economics

Which of the following would shift the demand for gasoline to the left?

A. An increase in the marginal cost of extracting oil from large reserves in the Middle East. B. A national speed limit maximum set below existing state speed limits. C. New regulatory restrictions on the construction of new oil refineries. D. An excise tax levied on sellers of gasoline.

Economics

Which of the following would likely result in a shift of the aggregate demand curve to the right?

A. a tax cut B. a rise in the real interest rate C. a decrease in the quantity of money in circulation D. a decrease in job security

Economics