« previous next »

Author Question: A prisoner's dilemma is a situation in which a. a change in marginal cost may not lead to a change ... (Read 25 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
A prisoner's dilemma is a situation in which
 a. a change in marginal cost may not lead to a change in price
  b. a firm's competitors follow a price increase but ignore a price decrease
  c. oligopolists behave irrationally
  d. oligopolists attempt to maximize sales rather than profits
  e. an oligopolists demand curve may become perfectly inelastic

Question 2

Private property rights are easily assigned to open-access resources.
 a. True
  b. False


b614102004

  • Sr. Member
  • ****
  • Posts: 320
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
« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Donald Trump and Climate Change Donald Trump and Climate Change
Cumulative change for six personality-trait domains across the life course show distinct patterns. Cumulative change for six personality-trait domains across the life course show distinct patterns.
The Revolutionary Change in the U.S Workforce The Revolutionary Change in the U.S Workforce
Elaboration Likelihood Model of Attitude Change Elaboration Likelihood Model of Attitude Change
Climate Change Climate Change
Neutral Technological Change Neutral Technological Change
Video: Leukemia

For a complete list of videos, visit our video library