Author Question: Gary has won a laptop in an online auction. This implies that Gary's willingness to pay for the ... (Read 92 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
Gary has won a laptop in an online auction. This implies that Gary's willingness to pay for the laptop was ________.
 
  A) higher than its market price
  B) lower than its market price
  C) higher than that of the other bidders
  D) lower than that of at least one bidder

Question 2

Refer to the figure above. This is an example of a(n) ________.
 
  A) zero-sum game
  B) prisoners' dilemma
  C) extensive-form game
  D) payoff matrix



ilianabrrr

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library