M&M and Dove are both considering issuing themed holiday candy. The profits for each strategy, regular candy or holiday candy, are summarized in the payoff matrix above
The Nash Equilibrium in this game is that Dove produces ________ and M&M produces ________. A) holiday candy; regular candy
B) regular candy; holiday candy
C) regular candy; regular candy
D) holiday candy; holiday candy
D
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In a cartel, firms jointly act as
A) a monopolistic competitive firm. B) a perfectly competitive firm. C) a monopoly firm. D) an oligopolistic firm.
If natural gas is replaced by solar power as a more efficient form of energy, we should expect _____
a. a leftward shift of the aggregate supply curve b. higher production prices at every output level c. a decline in the growth of total output d. a decrease in the stock of energy-efficient capital goods e. an increase in total factor productivity
Corporate income taxes account for about what percent of federal revenues?
A. 6 percent. B. 9 percent. C. 18 percent. D. 24 percent.
Which of the following would directly increase the capital stock of an economy?
A) An individual purchases shares of corporate stock B) An individual purchases high-risk corporate bonds C) A business firm expands its production facilities D) A bank uses cash reserves to purchase shorthand long-term government securities E) The government implements a spending program to cover prescription drugs for Medicare reciepts