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Author Question: Without enforcement, a contract A) is binding. B) is lateral in form. C) is costless to enforce. ... (Read 80 times)

jeatrice

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on: Jun 30, 2018
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

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

D

Answer to Question 2

c


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jeatrice

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Reply #2 on: Jun 30, 2018
Correct answers!


djofnc

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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