Fill in the blank: Middlemen tend to have ________ in information ...

[PhilipSeeMore]

Fill in the blank: Middlemen tend to have ________ in information production.
 
  A) no interest
  B) a comparative advantage
  C) a monopoly
  D) little time to engage
  E) a wasteful way of engaging

Question 2

Differentiate between a payoff matrix and a game tree.
 
  What will be an ideal response?

[leahm14]

Answer to Question 1

B

Answer to Question 2

A payoff matrix and a game tree both show the payoff for each action players can take. However, a payoff matrix is used for a simultaneous move game, while a game tree is used for an extensive-form game.

[PhilipSeeMore]

YES! Correct, THANKS for helping me on my review

[ASDFGJLO]

Thanks for the timely response, appreciate it