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Author Question: In game theory, a strategy A) is useless, because firms are subject to bounded rationality. B) ... (Read 51 times)

bio_gurl

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on: Jul 1, 2018
In game theory, a strategy
 
  A) is useless, because firms are subject to bounded rationality.
  B) is useful in static games, but not in dynamic games.
  C) defines the specific actions a firm will make.
  D) determines the payoff matrix of the game.

Question 2

A monopolist will spend resources to advertise its product so long as
 
  A) net profits increase.
  B) gross profits increase.
  C) demand increases.
  D) total revenue increases.


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Sassygurl126

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

C

Answer to Question 2

A


bio_gurl

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

AngeliqueG

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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