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Author Question: Refer to the scenario above. If this game is repeated several times, the players will eventually ... (Read 62 times)

Starlight

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on: Jun 29, 2018
Refer to the scenario above. If this game is repeated several times, the players will eventually reach an equilibrium where Beth will earn ________ and Charles will earn ________.
 
  A) 0; 10
  B) 10; 10
  C) 0; 50
  D) 20; 20

Question 2

The above figure shows the U.S. market for 1 carat diamonds. Suppose the United States imposes the import quota shown in the figure. With the import quota, how many diamonds can be imported?
 
  A) 500,000
  B) 700,000
  C) 400,000
  D) 900,000
  E) 300,000


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triiciiaa

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

D

Answer to Question 2

C


Starlight

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Reply #2 on: Jun 29, 2018
Thank you :)


triiciiaa

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Reply #3 on: Jun 29, 2018
Happy to help you


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