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Author Question: If cars are normal goods, a fall in income will a. Increase the demand for cars b. Decrease the ... (Read 131 times)

joe

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on: Jul 1, 2018
If cars are normal goods, a fall in income will
 a. Increase the demand for cars
 b. Decrease the demand for cars
 c. Have no effect on the demand for cars
  d. None of the above

Question 2

In repeated games, all of the following allow a firm to escape an inefficient prisoners dilemma equilibrium except
 a. Be nice, don't strike first
 b. Respond immediately to non-cooperation
 c. Punish competitors as much as you can
 d. Make sure your competitors can easily interpret your actions


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cat123

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


joe

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Reply #2 on: Jul 1, 2018
Thank you


cat123

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Reply #3 on: Jul 1, 2018
No problemo


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