In a zero-sum game
A. one player's losses are exactly offset by another player's gains.
B. both players are better off at the end of the game.
C. both players are worse off at the end of the game.
D. both players collude to make both of them better off.
Answer: A
You might also like to view...
The Federal Trade Commission (FTC) Act
A) prohibited charging buyers different prices if the result would reduce competition. B) gave the FTC full power to regulate mergers. C) closed the loopholes in the Sherman and Clayton Acts. D) divided authority to police mergers between the FTC and the Department of Justice.
A student might describe information about the costs of production as
a. dry and technical. b. boring. c. crucial to understanding firms and market structures. d. All of the above could be correct.
On a graph, an increase in quantity demanded is represented by a:
a. Movement downward and to the right along the demand curve b. Leftward shift of the demand curve c. Rightward shift of the demand curve d. Movement upward and to the left along the demand curve
If you are willing to purchase a house for $500,000 and you purchase the house for $500,000 . this transaction will generate: a. There is no surplus created for either of the party
b. $0 worth of seller surplus and unknown amount of buyer surplus. c. $0 worth of buyer surplus and unknown amount of seller surplus. d. No information provided.