In game theory, a strategy A) is useless, because firms are ...

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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.

[Sassygurl126]

Answer to Question 1

C

Answer to Question 2

A

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Gracias!

[xiazhe]

Thanks for the timely response, appreciate it