Within a game theory model, if a change in decision-making raises corporation A's profits by $50 and lowers corporation B's profits by $40, the game is a
A) negative-sum game.
B) zero-sum game.
C) positive-sum game.
D) cooperative game.
C
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Customers often complain about the high price of accessories for their cell phone including batteries, chargers and head sets. Often these items can cost even more than the price of the phone
Explain using price elasticity why this might be the case.
Technological development:
A. alters the nature of production and consumption. B. does not depend on economic incentives. C. does not depend on institutions. D. makes it impossible to obtain more of the same things.
Most goods are normal goods, and their demand shifts to the left when income rises.
Answer the following statement true (T) or false (F)
An important problem with corporations is
A. the possibility of large liabilities for the owners. B. the separation of ownership and control. C. the inability of the government to control and tax the firms. D. the difficulties with raising financial capital.