Refer to Figure 3.1. What is the number of outcomes which represent Nash equilibria in this game?

A) 1
B) 2
C) 3
D) 4


A

Economics

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An important reason for the Industrial Revolution to have started in Britain is that:

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Imagine that encryption and related technologies become so advanced that the knowledge produced by research and development are as excludable as any other good, while technology remains nonrival

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Which of the following is a series of rules that stops trading on an exchange for a relatively short period of time?

a. program trading b. market limits c. stop orders d. circuit breakers

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The price of a new textbook is $60 in one year and $75 two years later, while the price of a used copy of the textbook increased from $25 to $37.50. The relative price of a new textbook

A. increased by 25 percent. B. decreased from 1.4 to 1.25. C. increased from 2.4 to 3. D. decreased from 2.4 to 2.0.

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