Within a game theory model, if a change in decision-making raises corporation A's profits by $100 and lowers corporation B's profits by $100, the game is a

A) negative-sum game.
B) zero-sum game.
C) positive-sum game.
D) cooperative game.


B

Economics

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In economics, scarcity means that

a. there are not enough resources for everything that people want. b. we can never feed every person in the country. c. the price of goods has increased more rapidly than the general price level. d. there is not enough of a particular good for everyone to buy all they want at the prevailing price.

Economics

Refer to the information provided in Figure 13.4 below to answer the question(s) that follow.  Figure 13.4Refer to Figure 13.4. If this firm produces the profit-maximizing quantity and sells it at the profit-maximizing price, the firm's ________ will be $88.

A. loss B. profit C. total revenue D. total cost

Economics

Organizing a successful firm in a market economy has become ________ over the last century

A) politically impossible B) less difficult C) legally impossible D) more difficult

Economics

Marginal cost is ____________

a. The revenue from selling an additional unit of output b. none of the above c. The total cost of production d. The cost of producing an additional unit of output

Economics