« previous next »

Author Question: The prisoner's dilemma provides an explanation for a. the price wars that sometimes occur in ... (Read 168 times)

tichca

  • Hero Member
  • *****
  • Posts: 554
on: Jun 30, 2018
The prisoner's dilemma provides an explanation for
 a. the price wars that sometimes occur in oligopolies
  b. the ability of firms in an oligopoly to extract the entire consumer surplus
  c. the collusive behavior that sometimes occurs in an oligopoly
  d. the failure of firms in non-competitive industries to maximize profits
  e. an irrational behavior that occurs in competitive markets

Question 2

If periodic use of a resource can be continued indefinitely, that resource is said to be
 a. removable
  b. renewable
  c. cyclical
  d. recyclable
  e. part of a common pool


heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

tichca

  • Hero Member
  • *****
  • Posts: 554
Reply #2 on: Jun 30, 2018
Correct answers!


heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
A Heliocentric Explanation of Retrograde Motion A Heliocentric Explanation of Retrograde Motion
Bone fractures that occur before death show signs of healing. The process of fracture healing starts Bone fractures that occur before death show signs of healing. The process of fracture healing starts
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Rods and Cones Animation

For a complete list of videos, visit our video library