This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A player's best response is A) the strategy that maximizes his payoff given what he thinks the ... (Read 101 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
A player's best response is
 
  A) the strategy that maximizes his payoff given what he thinks the other player will do.
  B) a dominant strategy.
  C) impossible to find when there isn't a Nash equilibrium.
  D) a way to avoid the prisoners' dilemma.

Question 2

In the long run if there is a shortage in the market for a product, the guiding (allocation) function of price can be expected to cause
 
  A) an increasing shift in the demand for the product.
  B) a decreasing shift in the demand for the product.
  C) an increasing shift in the supply of the product.
  D) a decreasing shift in the supply of the product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ddddd

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


wenmo

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
Gracias!

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Growth response by grasses grazed by wildebeest Growth response by grasses grazed by wildebeest
how a nursing student thinks how a nursing student thinks
IgE Response IgE Response
The Molecules of the Innate Immune Response The Molecules of the Innate Immune Response
PGC-1 and SIRT1 control the reprogramming of fuel utilization pathways in response to fasting PGC-1 and SIRT1 control the reprogramming of fuel utilization pathways in response to fasting
Acquisition and Extinction of a Salivary Response Acquisition and Extinction of a Salivary Response
Video: Ionic bonds - role of ions in the body

For a complete list of videos, visit our video library