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Author Question: Rock-paper-scissors (Roshambo) is an example of a ________ game. A) simultaneous B) sequential ... (Read 45 times)

SAVANNAHHOOPER23

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on: Jul 1, 2018
Rock-paper-scissors (Roshambo) is an example of a ________ game.
 
  A) simultaneous
  B) sequential
  C) dominant strategy
  D) weakly dominant

Question 2

The fact that at the competitive equilibrium nobody can be made better off without making someone else worse off implies that
 
  A) the equilibrium is pareto efficient.
  B) the equilibrium is not pareto efficient.
  C) the prices need to adjust further.
  D) further gains from trade are possible.


Dunkey

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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