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Author Question: If a player has a strategy where one course of action under-performs all others no matter what other ... (Read 58 times)

haleyc112

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on: Jun 30, 2018
If a player has a strategy where one course of action under-performs all others no matter what other players do, that strategy is
 A) a prisoner's dilemma.
  B) dominated.
  C) dominant.
  D) a loser.

Question 2

When wages decrease
 a. the substitution effect increases the quantity of labor supplied.
  b. the substitution effect increases the supply of labor.
 c. the income effect increases the quantity of labor supplied.
 d. the income effect increases the supply of labor.


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lorealeza77

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

B

Answer to Question 2

c


haleyc112

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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