In a game of bargaining, the player who is willing to:
A. make the first move has more bargaining power and so receives a better payoff.
B. hold out longer has more bargaining power and so receives a better payoff.
C. be cooperative has more bargaining power and so receives a worse payoff.
D. hold out longer has more bargaining power and so receives a worse payoff.
Answer: B
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Fran runs a doughnut shop in a tiny 3-person town. The table below shows the quantity demand by the three townspeople at various prices.Price PerDoughnutQuantity Demandedby AlQuantity Demandedby BettyQuantity Demandedby Carol10 cents104625 cents92535 cents71550 cents504When the price of a doughnut is 25 cents, what is the market demand for doughnuts?
A. 13 doughnuts B. 16 doughnuts C. 20 doughnuts D. 9 doughnuts
In order to achieve a high economic freedom rating, a country must
What will be an ideal response?
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Label the short-run supply curve.
