The question of legality in daily fantasy comes down to whether it is a game of skill or chance. The argument that it is a game of skill is that
A. players can use the private knowledge that they are hot to time their bets.
B. players can use the private knowledge that they are cold to avoid making bets.
C. players can use a skillful and statistical understanding of the athletes they are choosing.
D. people with skill have better luck.
Answer: C
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Which of the following statements is true?
A) As the rental prices of downtown apartments rise, only workers with the lowest opportunity cost of time will be willing to rent them. B) As the rental prices of downtown apartments rise, only workers with the highest opportunity cost of time will be willing to rent them. C) Optimizers with the lowest opportunity cost of time push up the rental price of apartments with the lowest commute time. D) Optimizers with the highest opportunity cost of time push up the rental price of apartments with the highest commute time.
In terms of the best practices frontier, a long term strategy
A) shifts the frontier B) moves a firm along a frontier C) may cause a firm to move inside the frontier D) may rotate the frontier toward the horizontal axis
From a consumer's point of view, which type of oligopoly is most desirable?
A. Cournot B. Bertrand C. Sweezy D. Stackelberg
Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3
Refer to Table 24.3. At an output level of $2,400 billion, there is an unplanned inventory change of
A. negative $200 billion. B. positive $200 billion. C. positive $100 billion. D. zero.