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Author Question: When a game is played repeatedly A) only customers learn. B) customers and firms are both able to ... (Read 92 times)

jjjetplane

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on: Jun 30, 2018
When a game is played repeatedly
 A) only customers learn.
  B) customers and firms are both able to learn.
  C) firms end up colluding.
  D) a prisoner's dilemma will be the equilibrium.

Question 2

A change in technology that increases the marginal physical product of an input will:
 a. shift the input demand curve to the left.
 b. shift the input demand curve to the right.
 c. result in a movement down along the input demand curve.
  d. result in a movement up along the input demand curve.


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mohan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

b


jjjetplane

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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