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Author Question: Investment in safety at the firm level poses a prisoners' dilemma because A) if each firm plays ... (Read 72 times)

jwb375

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on: Jul 1, 2018
Investment in safety at the firm level poses a prisoners' dilemma because
 
  A) if each firm plays its dominant strategy, joint profits are maximized.
  B) if each firm plays its dominant strategy, joint profits are not maximized.
  C) neither firm has a dominant strategy.
  D) the Nash equilibrium is not achieved.

Question 2

Workers do not know the safety records at individual firms; they only know industry averages. As a result,
 
  A) each firm tries to outdo each other in making safety improvements.
  B) each firm has the incentive to be the safest in its industry.
  C) the equilibrium level of safety is less than optimal.
  D) the optimal level of safety is achieved.
Microeconomics ¦ Perloff ¦ 8th Edition
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Natalie4ever

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jwb375

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Reply 2 on: Jul 1, 2018
Excellent

Dnite

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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