Differentiate between a pure strategy and a mixed strategy
What will be an ideal response?
A pure strategy involves choosing one particular action for a situation, while a mixed strategy involves choosing different actions with different probabilities.
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The above figures show the market for HD televisions. If there are severe earthquakes that destroy a significant number of HD television manufacturing plants, which figure shows the effect of the earthquake?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.
Expenditures on education equal about _____ of state and local government financial outlays
a. one quarter b. one third c. one half d. two thirds
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. If the market maker wants to make three transactions, what should he bid (the suppliers)A market maker faces the following demand and supply for widgets. Eleven
buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. If the market maker wants to make three transactions, what should he bid (the suppliers) a. $9 b. $8 c. $7 d. $6
Say's law states that
A) demand creates its own supply. B) the more supply there is, the lower prices are. C) supply creates supply. D) supply creates its own demand. E) none of the above