Once a Nash equilibrium has been found in a game:
A. a stable outcome is impossible.
B. the players have no incentive to change their choice.
C. the players always have an incentive to change their choice.
D. no one in the game can be made better off.
B. the players have no incentive to change their choice.
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The critical value of a two-sided t-test computed from a large sample
A) is 1.64 if the significance level of the test is 5%. B) cannot be calculated unless you know the degrees of freedom. C) is 1.96 if the significance level of the test is 5%. D) is the same as the p-value.
If the government legalizes the purchase and sale of marijuana, the equilibrium quantity would then _________ and the price would then ________ if the supply of marijuana increased by _______ than the demand for marijuana increased
A) fall; fall; more B) fall; rise; more C) rise; fall; more D) rise; fall; less E) fall; fall; less
The demand curve facing a perfectly competitive firm is
A. downward sloping. B. perfectly inelastic. C. infinitely elastic. D. perfectly elastic.
The demand for labor is a derived demand.
Answer the following statement true (T) or false (F)