All Nash equilibria consist of Dominant Strategies
Indicate whether the statement is true or false
False. Games with multiple Nash equilibria are not DS.
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An optimal two-part tariff pricing schedule maximizes consumer surplus
Indicate whether the statement is true or false
Which of the following would lead to a decrease in bond demand?
A. An increase in wealth. B. A decrease in liquidity. C. A decrease in risk. D. An increase in expected inflation.
In a perfectly competitive market, what would you expect to happen to the number of firms and firm profitability in the short run and long run if demand for the product rises?
What will be an ideal response?
Which of the following is true?
A. An import quota generates government revenue. B. Tariffs on imports do not generate government revenue if the domestic price is larger than the world price plus the tariff. C. Tariffs on imports never generate government revenue. D. Tariffs on imports generate government revenue as long as the domestic price is larger than the world price plus the tariff.