In game theory, actions such as cheating that focus solely on short-run gains are referred to as
A) territorial behavior.
B) tit-for-tat strategic behavior.
C) predatory behavior.
D) opportunistic behavior.
D
You might also like to view...
As disposable income ________ planned consumption expenditure ________
A) decreases; increases B) increases; decreases C) decreases; remains the same, since it is autonomous expenditure D) increases; increases E) increases; changes only if net taxes also change
If the Slamdunkers can sell 5000 season tickets for $100 and 6000 season tickets only by lowering the price (for all purchasers) to $80, our best estimate of the marginal revenue from sale of the 550th season ticket is
A) $100. B) $90. C) $80. D) -$20.
An example of a good or service that would count in the U.S. GDP would be a bag of coffee made in:
A. Canada by Starbucks. B. Vermont by Green Mountain Coffee Roasters. C. Colombia by Dunkin' Donuts. D. All of these would count in U.S. GDP.
The existence of economies of scale can create ________
A) a natural monopoly B) a government monopoly C) a legal monopoly D) a market in which many firms make identical products