An example of a cooperative game would be
A. oligopoly.
B. perfect competition.
C. monopolistic competition.
D. a cartel.
Answer: D
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A double oral auction is an auction in which:
A) sellers post asks and buyers post offers one after the other. B) sellers post asks and buyers post bids simultaneously. C) the highest bidders post their bids at the same time. D) bidding starts from the lowest price to the highest price.
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What will be an ideal response?
If the real value of your savings is decreasing over time, we know that the:
A. real rate of interest is positive. B. real rate of interest is negative. C. real rate of interest is zero. D. inflation is zero.
Suppose that many people who earn a living designing apps decide they can make more money selling honey and switch occupations. How will this change affect the number of apps supplied by producers?
A. supply decreases B. supply does not change C. supply increases