If Best Lights and Bright Lights are competing in a duopoly and it is always best for Best Lights to charge a price of $4 regardless of the price Bright Lights charges, then charging $4 is ________ for Best Lights.
A) a pure, but not dominant strategy
B) a dominant, but not pure strategy
C) a dominant and pure strategy
D) neither a dominant nor pure strategy
C) a dominant and pure strategy
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If the demand curve for bottled water shifts rightward and the supply curve of bottled water shifts rightward, the equilibrium
A) price of bottled water definitely increases. B) price of bottled water definitely decreases. C) quantity of bottled water definitely increases. D) quantity of bottled water definitely decreases.
Supply and demand analysis
A. can be used to understand solutions to pollution, but not causes. B. can be used to analyze how externalities lead to environmental problems. C. cannot be used to analyze pollution, which is a physical and chemical problem. D. cannot be used to solve the pollution problem, but can be used to analyze it.
In a closed economy, Y - C - G equals _____. The variable Y is _____, C is _____, and G is _____
Fill in the blank(s) with correct word
For the nation's capital stock to grow, net investment must be positive.
Answer the following statement true (T) or false (F)