In the simultaneous move labor negotiation game:
a. The payoffs are always higher if you accommodate
b. The payoffs are always higher if you bargain hard
c. The payoffs from accommodating are only higher if your opponent bargains hard
d. The payoffs from accommodating are only higher if your opponent accommodates
c
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Chris pays $10,000 for a newly issued two-year government bond with a $10,000 face value and a 6 percent coupon rate. One year later, after receiving the first coupon payment, Chris sells the bond. If the current one-year interest rate on government bonds is 7 percent, then the price Chris receives is:
A. greater than $10,000. B. $700. C. less than $10,000. D. $10,000.
A profit-maximizing firm's demand function for labor can be found by differentiating:
a. the profit function with respect to w. b. the cost function with respect to w. c. the supply function with respect to w. d. the production function with respect to w.
If nominal GDP increased, which of the following could also have occurred?
a. Both prices and real GDP decreased. b. Prices remained the same and real GDP decreased. c. Prices decreased and real GDP remained the same. d. Prices increased and real GDP decreased. e. Both prices and real GDP remained the same.
The Supreme Court has defined the offense of monopolization as involving all of the following elements EXCEPT
A. the maintenance of monopoly power. B. the possession of monopoly power in the relevant market. C. the ability to grow a business as a consequence of a superior product. D. the willful acquisition of monopoly power.