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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

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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