If a firm decides to ignore the reactions of its rivals to its policies, the appropriate model to analyze its behavior is
A. game theory.
B. perfect competition.
C. monopoly.
D. cartels.
Answer: C
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You have data for sales of pizza for each of the 50 states in 2011. The type of graph to best display these data would be a
A) trend-line diagram. B) scatter diagram. C) multi-variable time-series graph. D) cross-section graph. E) time-series graph.
Cigarette taxes are viewed as _____
a. regressive b. progressive c. proportional d. non-distortionary
The demand for borrowed funds is
a. directly related to the interest rate. b. inversely related to the growth in gross domestic product. c. a derived demand. d. leads to derived demand for capital goods.
A Nash equilibrium occurs if all players in a game play their best strategies
A. only if their competitors are unaware of their strategies. B. given what their competitors do. C. before their competitors do. D. without knowing what their competitors do.