Games that are played more than once generally

a. lead to outcomes dominated purely by self-interest.
b. lead to outcomes that do not reflect joint rationality.
c. encourage cheating on cartel production quotas.
d. make collusive arrangements easier to enforce.


d

Economics

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A stock life insurance company is owned and controlled by its

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Internal production and market purchases are alternative ways of organizing transactions

Indicate whether the statement is true or false

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A nation's account with the International Monetary Fund is measured in an international unit known as

A. monetary deposits. B. special drawing rights. C. gold reserves. D. international reserves.

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An example of a monopoly based on control of a key resource is

A) Major League Baseball. B) NASA. C) Microsoft's Windows operating system. D) the U.S. Food and Drug Administration.

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