Author Question: If a player has a strategy where one course of action under-performs all others no matter what other ... (Read 38 times)

haleyc112 · **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.