If only one player in a game has a dominant strategy, there can be no Nash equilibrium
Indicate whether the statement is true or false
FALSE
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Kaitlyn and Larissa have formed a dog bathing and grooming business business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. The opportunity cost of grooming the sixth dog in a day is bathing ________ dog(s)
A) 0 B) 5 C) 6 D) 7
Refer to Figure 7-2. Without the tariff in place, the United States consumes
A) 12 million pounds of coffee. B) 26 million pounds of coffee. C) 33 million pounds of coffee. D) 45 million pounds of coffee.
If a firm buys a specialized metal stamping machine that will last 4 years for $125,000 and cannot resell it, the opportunity cost is
A) $0. B) $31,250. C) $125,000. D) $93,750.
The poverty rate dropped from 84 percent in 1981 to 11.2 percent in 2010 in what country?
A. India B. Chile C. South Africa D. China