Which of the following is not a characteristic of a battle of the sexes game?
A) Each player has a dominant strategy.
B) Nash equilibria exist at every outcome where the players successfully coordinate.
C) The two general outcomes are where players either coordinate with one another or they do not.
D) The payoff for coordinating is higher than the payoff for not coordinating.
A
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Since the Great Depression, business fluctuations have become more severe and longer in duration
a. True b. False Indicate whether the statement is true or false
A firm's _______ summarizes all of its possible methods of producing its output.
A. production technology B. efficient production frontier C. production function D. production possibilities curve
A decrease in expected inflation for any given nominal interest rate will cause:
A. bond prices to decrease and interest rates to increase. B. the bond supply curve to shift to the left. C. the bond demand curve to shift to the left. D. bond prices to increase and interest rates to decrease.
The best combination of inputs at one level of production may not be best at other levels.
Answer the following statement true (T) or false (F)