The game that oligopolists play in trying to reach the oligopoly outcome is similar to the game that the two prisoners play in the prisoners' dilemma
a. True
b. False
Indicate whether the statement is true or false
True
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Risk aversion is best explained by
a. timidity. b. increasing marginal utility of income. c. constant marginal utility of income. d. decreasing marginal utility of income.
Identify the correct statement
a. The removal of financial market regulations has lowered the probability of a financial crisis to zero. b. Investment in residential housing in the U.S. was less volatile during the era prior to the removal of Regulation Q. c. Investment in residential housing in the U.S. was more volatile after the removal of Regulation Q. d. The removal of financial market regulations lowered output volatility. e. The removal of financial market regulations increased variability in consumer spending.
In some countries in Sub-Saharan Africa real GDP per person has been stagnant for many years
a. True b. False Indicate whether the statement is true or false
The economic justification for public subsidies to university research is based on the
A. value of this research to the university. B. higher salaries graduate students earn as a result of working with professors involved in research. C. external benefits of research and development to, in particular, high rates of economic growth. D. higher incomes earned by those who provide services to university researchers (equipment, supplies, etc.).