A coordination game
A) is a game with multiple Nash equilibria where players can credibly coordinate to select one of the equilibria.
B) is a game where players coordinate to maximize joint profits.
C) cannot be solved with cheap talk.
D) always has one Nash equilibrium and no dominated strategies.
A
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People under the age of 25 are less likely to be poor than those older than 25
Indicate whether the statement is true or false
A firm has 8 workers and each earns $100 a day. If the 8th worker has an MRP of $80, then the firm has _______ workers.
Fill in the blank(s) with the appropriate word(s).
An indifference map shows
A. A set of budget constraints and one indifference curve. B. A set of indifference curves. C. One indifference curve. D. A set of indifference curves and a set of budget constraints.
Under a progressive income tax system, the marginal income tax rate paid by taxpayers
A) declines as their incomes increase. B) rises as their incomes increase. C) is unchanged as their incomes increase. D) is unrelated to their incomes.