Author Question: Dominant strategies A) are always present in simultaneous games. B) result in a prisoners' ... (Read 173 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
Dominant strategies
 
  A) are always present in simultaneous games.
  B) result in a prisoners' dilemma.
  C) result in one firm winning and the other losing.
  D) None of the above.

Question 2

The fact that any pareto efficient equilibrium can be achieved through competition by adjusting endowments is called
 
  A) the second welfare theorem.
  B) the first welfare theorem.
  C) the third welfare theorem.
  D) That is not possible.



Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Medication errors are three times higher among children and infants than with adults.

For a complete list of videos, visit our video library