In any game, all that is necessary to rule out an outcome is that
a. both players would want to change.
b. one player would want to change.
c. one player is worse off than with some other strategy.
d. both players are worse off than with some other strategy.
b. one player would want to change.
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Every country in the world has an independent central bank
Indicate whether the statement is true or false
All else equal, when oil prices decrease, people are ________ to look for oil substitutes. This will ________ the number of years it will take to deplete the stock of oil
A) discouraged; increase B) discouraged; decrease C) encouraged; increase D) encouraged; decrease
By 1913, steel making by Bessemer converter had been completely surpassed by
(a) continuous casting integrated mills. (b) the Basic Oxygen furnace. (c) electric furnaces. (d) open hearth furnaces.
A separate average revenue curve is not required when you have the demand curve for a firm. Explain