Author Question: When a game is played repeatedly A) only customers learn. B) customers and firms are both able to ... (Read 91 times)

jjjetplane · **on:** Jun 30, 2018

When a game is played repeatedly
A) only customers learn.
B) customers and firms are both able to learn.
C) firms end up colluding.
D) a prisoner's dilemma will be the equilibrium.

Question 2

A change in technology that increases the marginal physical product of an input will:
a. shift the input demand curve to the left.
b. shift the input demand curve to the right.
c. result in a movement down along the input demand curve.
d. result in a movement up along the input demand curve.