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Author Question: Fill in the blank: Middlemen tend to have ________ in information production. A) no interest B) ... (Read 26 times)

PhilipSeeMore

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on: Jun 29, 2018
Fill in the blank: Middlemen tend to have ________ in information production.
 
  A) no interest
  B) a comparative advantage
  C) a monopoly
  D) little time to engage
  E) a wasteful way of engaging

Question 2

Differentiate between a payoff matrix and a game tree.
 
  What will be an ideal response?


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leahm14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A payoff matrix and a game tree both show the payoff for each action players can take. However, a payoff matrix is used for a simultaneous move game, while a game tree is used for an extensive-form game.


PhilipSeeMore

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xoxo123

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Reply 3 on: Yesterday
:D TYSM

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