Author Question: Refer to the scenario above. This game ________. A) has a unique Nash equilibrium B) has a ... (Read 168 times)

Yolanda · **on:** Jun 29, 2018

Refer to the scenario above. This game ________.

A) has a unique Nash equilibrium
B) has a unique dominant strategy equilibrium
C) does not have a dominant strategy equilibrium
D) does not have a Nash equilibrium

Question 2

Which of the following gives rise to a negative externality?

A) Sudden increase in the price of wheat due to a fall in supply
B) Sudden increase in the demand for diamonds leading to an increase in their price
C) Deforestation leading to the extinction of many species
D) Globalization leading to creation of many new job opportunities