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Author Question: Refer to the scenario above. If there is fairness penalty of 12, ________. A) this game will no ... (Read 66 times)

Kikoku

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on: Jun 29, 2018
Refer to the scenario above. If there is fairness penalty of 12, ________.
 
  A) this game will no longer have a Nash equilibrium
  B) this game will have two Nash equilibria
  C) Nash equilibrium will occur when both of you choose friend
  D) Nash equilibrium will occur when both of you choose foe

Question 2

According to the textbook, government supplies police protection because
 
  A) it is difficult to supply police protection exclusively to people who pay for it.
  B) police protection is every citizen's right.
  C) police use force, violence, and coercion.
  D) the supply of police protection is in the public interest.
  E) the value of police protection is greater than its marginal cost.


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jointhecircus

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Kikoku

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Reply 2 on: Jun 29, 2018
Gracias!

frankwu0507

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Reply 3 on: Yesterday
Wow, this really help

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