If a game has a pure strategy Nash equilibrium then
A) it might also have a mixed strategy equilibrium.
B) it does not have a mixed strategy equilibrium.
C) at least one player has a dominant strategy.
D) no player has a dominant strategy.
A
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Even though a high portion of the public debt is held by older and wealthy individuals or institutions, the debt is paid for by increased taxes on
A) only those holding the actual debt. B) purchasers of gasoline and luxury items. C) all taxpayers. D) those who invest in the stock market.
Zipco's accounting profit is equal to its
a. total revenue minus opportunity costs b. total revenue plus opportunity costs c. total revenue minus imputed costs d. total revenue minus explicit costs e. total revenue minus explicit and implicit costs
Compared to other firms, firms that sell highly differentiated products likely incur significant costs associated with
a. advertising. b. the product-variety externality. c. intermediate materials. d. taxes and regulation.
Loans made in the federal funds market:
A. are made by the Federal Reserve System to the bank within 24 hours. B. are unsecured loans. C. are insured by the FDIc. D. are highly collateralized.