Without enforcement, a contract A) is binding. B) is lateral in ...

[jeatrice]

Without enforcement, a contract
 A) is binding.
  B) is lateral in form.
  C) is costless to enforce.
  D) not really binding.

Question 2

Which of the following is false?
 a. A Nash equilibrium can be a dominant strategy.
 b. A Nash equilibrium maximizes a player's welfare, given the actions of its competitor, while a dominant strategy maximizes a player's welfare, regardless of the behavior of its competitor.
  c. A Nash equilibrium is just another name for a dominant strategy.
 d. A Nash equilibrium is a self-enforcing equilibrium.

[djofnc]

Answer to Question 1

D

Answer to Question 2

c

[jeatrice]

Correct answers!

[djofnc]

Great! Please up vote