In an experiment that employed the dictator game, economists at Cornell University gave student allocators the option of dividing 20 in only two ways (a) 18 for themselves and 2 to another student, or (b) 10 for themselves and 10 to anoth
student. What was one result from this experiment?
A) Most allocators chose to give themselves 18 and 2 to the other students.
B) A majority of the female allocators chose option (a); a majority of the male allocators chose option (b).
C) Most of the allocators apparently valued acting fairly.
D) Most of the students who were not allocators did not like having someone else make decisions for them.
Question 2
Long-run economic profits would most likely exist in which market structure?
A) monopoly, monopolistic competition, and oligopoly
B) monopoly and monopolistic competition
C) monopoly only
D) monopoly and oligopoly
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