This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The common habit of viewing middlemen as unproductive bandits on the highway of free trade assumes ... (Read 96 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
The common habit of viewing middlemen as unproductive bandits on the highway of free trade assumes
 
  A) transaction costs are zero.
  B) information is a free good.
  C) voluntary exchange is not mutually beneficial.
  D) all of the above.
  E) none of the above.

Question 2

When does a game have a first-mover advantage?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A game has first-mover advantage when the first player to act in a sequential game gets a benefit from doing so.


ishan

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jun 29, 2018
Thank you


anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Body plan of a common rotifer, Philodina genus Body plan of a common rotifer, Philodina genus
Common Health Problems in Community-Dwelling Older Adults Common Health Problems in Community-Dwelling Older Adults
Common Homophones Common Homophones
Common Pathogens Associated with Health Care–Associated Infections Common Pathogens Associated with Health Care–Associated Infections
Common Prefixes Used to Name Tumors Common Prefixes Used to Name Tumors
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
Video: Conjunctivitis

For a complete list of videos, visit our video library