Author Question: In a game that can be repeated, the optimal solution is a. dependent upon each firm's decision in ... (Read 88 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
In a game that can be repeated, the optimal solution is
 a. dependent upon each firm's decision in the first round of decision making
  b. independent of the decisions that competitive firms made on the first round
  c. to maximize profits regardless of what competitors do
  d. to minimize costs regardless of what competitors do
  e. to select the solution that minimizes the potential losses from a decision

Question 2

Fish are
 a. always renewable resources
  b. renewable resources whenever property rights are well defined
  c. renewable resources if they are taken and replaced at rates that provide a steady supply
  d. renewable resources only if they are replaced at a rate that exceeds the rate at which they are caught
  e. renewable resources whenever property rights are well defined and can be easily enforced



shayla

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

For a complete list of videos, visit our video library