Economists have used ________ and ________ in experiments ...

[Destiiny22]

Economists have used ________ and ________ in experiments designed to determine whether consumers care about fairness when they make decisions.
 
  A) the income effect; the substitution effect B) Giffen goods; luxury goods
  C) network externalities; the endowment effect D) the ultimatum game; the dictator game

Question 2

A Nash equilibrium is
 
  A) reached when an oligopoly's market demand and supply intersect.
  B) reached when each player chooses the best strategy for himself and for the group.
  C) an equilibrium comprising non-dominant strategies only.
  D) reached when each player chooses the best strategy for himself, given the other strategies chosen by the other players in the group.

[cdmart10]

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[Destiiny22]

Great answer, keep it coming

[nguyenhoanhat]

Thanks for the timely response, appreciate it