Author Question: The solution of a game is dependent upon a. predicted response of competitors b. the existence of ... (Read 83 times)

lindiwe · **on:** Jun 30, 2018

The solution of a game is dependent upon
a. predicted response of competitors
b. the existence of a perfectly inelastic demand curve
c. costs of production being constant
d. economies of scale in production
e. marginal revenue being equal to marginal cost

Question 2

Budget maximization results in a budget equal to that desired by the median voter.
a. True
b. False