Author Question: Without enforcement, a contract A) is binding. B) is lateral in form. C) is costless to enforce. ... (Read 66 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
Without enforcement, a contract
 A) is binding.
  B) is lateral in form.
  C) is costless to enforce.
  D) not really binding.

Question 2

Which of the following is false?
 a. A Nash equilibrium can be a dominant strategy.
 b. A Nash equilibrium maximizes a player's welfare, given the actions of its competitor, while a dominant strategy maximizes a player's welfare, regardless of the behavior of its competitor.
  c. A Nash equilibrium is just another name for a dominant strategy.
 d. A Nash equilibrium is a self-enforcing equilibrium.



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

D

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

djofnc

  • Sr. Member
  • ****
  • Posts: 318

 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

For a complete list of videos, visit our video library