Author Question: Without enforcement, a contract A) is binding. B) is lateral in form. C) is costless to enforce. ... (Read 68 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?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library