According to the text, everyone shouts at a party in order to be heard. If instead everyone spoke at a normal volume people would still be heard, but people continue to shout because:
A. the payoff matrix is unknown to the people at a party.
B. shouting is a dominated strategy.
C. shouting is a dominant strategy.
D. shouting can be sustained using a tit-for-tat strategy.
Answer: C
You might also like to view...
Ronald McDonald Houses is an example of
A) altruistic corporate social responsibility. B) reduction in shareholder value. C) vertical integration. D) strategic corporate social responsibility.
If the U.S. government decided to pay off the national debt by creating money, what would be the most likely effect?
a. a substantial reduction in real GDP b. a deflationary collapse c. rapid inflation d. an increase in the trade surplus
Refer to the data. Suppose quantity demanded increased by 12 units at each price, changing the equilibrium price in a direction and an amount for you to determine. Over that price range, supply is
What will be an ideal response?
Is it possible for the unemployment rate to rise at the same time that the number of people working increases?
A. yes, if labor force growth outpaces growth in the number of people working B. yes, if established workers keep their jobs but no longer have the option of working overtime C. yes, if the new workers are employed less than full time D. no