Author Question: When decisions are guided strictly by short-run gains, this is known as A) opportunistic ... (Read 65 times)

Deast7027

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When decisions are guided strictly by short-run gains, this is known as
 
  A) opportunistic behavior.
  B) the prisoners' dilemma.
  C) tit-for-tat strategy.
  D) a positive-sum game.

Question 2

Which of the following best describes the difference between cost-of-service regulation and rate-of-return regulation?
 
  A) Costs determine prices in cost-of-service regulation and prices determine costs in rate-of-return regulation.
  B) Costs determine prices in cost-of-service regulation and prices are set in rate-of-return regulation so the firm can make a normal rate of return.
  C) Variable costs determine prices in cost-of-service regulation and prices are set in rate-of-return regulation so the firm can make an economic profit.
  D) Regulators determine prices in cost-of-service regulation and market forces determine prices in rate-of-return regulation.



sarah_brady415

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Answer to Question 1

A

Answer to Question 2

B



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