According to the figure shown, Adidas:
A. should charge a high price, regardless of what Nike chooses to do.
B. should charge a low price, regardless of what Nike chooses to do.
C. does not have a dominant strategy.
D. should take the first-mover advantage and charge a low price.
Answer: B
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Refer to the figure below. What is the Nash equilibrium of this game? 
A. A chooses Up, B chooses Right B. A chooses Up, B chooses Left C. A chooses Down, B chooses Left D. A chooses Down, B chooses Right
Do you feel that when you retire there will still be Social Security? If so, do you feel that benefits will be at present levels or tax rates will have increased? Finally, has this discussion changed your plans regarding your own personal savings for your retirement?
What will be an ideal response?
The graph shown demonstrates a tax on buyers. Once the tax has been imposed, the sellers produce ____ units and receive _____ for each one sold
A. 6; $22
B. 6; $34
C. 9; $18
D. 9; $30
If firms set wages too high, the result is unemployment.
Answer the following statement true (T) or false (F)