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Author Question: If there is a combination of strategies in which each player's action is the best response to the ... (Read 51 times)

faduma

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on: Jun 30, 2018
If there is a combination of strategies in which each player's action is the best response to the actions of other players, then there is
 A) a Boyes equilibrium.
  B) an unstable equilibrium.
  C) a complementary equilibrium.
  D) a Nash equilibrium.

Question 2

For an individual's supply curve of labor to be upward sloping:
 a. the substitution effect must be greater than the income effect.
  b. the substitution effect must be equal to the income effect.
  c. the substitution effect must be less than the income effect.
  d. is an impossibility.


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miss.ashley

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

a


faduma

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  • Posts: 528
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

alexanderhamilton

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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