If a game contains private information, then
A) the game's outcome is affected.
B) firms will engage in cheap talk to coordinate their actions.
C) players will decide not to play the game.
D) third-party negotiations are necessary to resolve the information gap.
A
You might also like to view...
Fred purchases a bond, newly issued by the Big Time Corporation, for $10,000. The bond pays $400 to its holder at the end of the first, second, and third years and pays $10,400 upon its maturity at the end of four years. The principal amount of this bond is ________, the coupon rate is ________, and the term of this bond is ________.
A. $10,000; 4%; four years B. $10,000; $400; 4% C. $400; 40%; four years D. $10,400; 4%; four years
M2 is
A) smaller than M1. B) larger than M1. C) equal to M1, given full employment. D) equal to M1, but only when all three functions of money apply.
If the market demand for paper remains the same as in Problem 6, calculate the market price, market output, and the economic profit or loss of each firm
What will be an ideal response?
Which of the following is a weakness in trying to get the wealthy to bear more of the burden of increasing growth in a less developed country?
a. The wealthy do not have significant political power. b. The wealthy can move their savings to other countries. c. The wealthy do not have much money to tax. d. The wealthy have large homes in their country and so are less likely to leave. e. The wealthy have powerful businesses that they are unable to relocate.