The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
Running a negative campaign is ________ for the ________ candidate.
A. neither a dominant nor dominated strategy; Republican
B. a dominated strategy; Republican
C. a dominant strategy; Democratic
D. a dominated strategy; Democratic
Answer: C
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An open outcry auction is an auction where ________
A) bids are placed privately B) public goods are sold C) bidders know about each other's bids D) free goods are distributed among the general public
A commitment is a form of strategy
Indicate whether the statement is true or false
If one is interested in knowing whether or not a pair of products are substitutes, one would be interested in the value of the: a. elasticity of supply
b. price elasticity of demand. c. income elasticity of demand. d. cross-price elasticity of demand.
Basic research seeks to answer particular questions or to apply scientific discoveries to new product development
Indicate whether the statement is true or false