If the Battle of the Sexes game were played sequentially,
A) one of the two pure strategy equilibria would become the only equilibrium.
B) the two pure strategy equilibria would alternate in being the equilibrium seen in each round of the game.
C) only the mixed strategy equilibrium would exist.
D) only the dominant strategy equilibrium would exist.
E) the equilibrium would not change.
A
You might also like to view...
Which of the following statements is TRUE about the economic profits earned by a monopolistic competitor firm in the long run?
A) Economic profits can be positive since firms have some degree of monopoly power. B) Economic profits will be positive since the firm has a downward sloping demand curve. C) Economic profits will tend towards zero since positive profits will attract new firms into the industry. D) Economic profits can be negative since there is so much competition in the market.
Explain the two types of market failure and given an example of each one
Please provide the best answer for the statement.
The following are obstacles to international investment EXCEPT
A. adverse selection. B. asymmetric information. C. moral hazard. D. rational expectations.
To encourage more investment, Mexico has lowered its tax rates to reduce the user cost of capital. Argentina is unable to pay back its foreign debts, causing its expected future marginal product of capital to fall. Mexico's real exchange rate will ________ and its net exports will ________.
A. appreciate; fall B. depreciate; fall C. depreciate; rise D. appreciate; rise