In the prisoners' dilemma game, each player
A) has only one possible strategy.
B) can choose from two strategies.
C) can choose from three strategies.
D) can choose from four strategies.
Question 2
When a tax is imposed on the suppliers of a good or service, then
A) in general, the producers pay all the tax.
B) in general, the consumers pay all the tax.
C) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes smaller.
D) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes larger.
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