Author Question: Firms in oligopoly often behave like the prisoners in the prisoners' dilemma, carefully anticipating ... (Read 112 times)

APUS57 · **on:** Jun 30, 2018

Firms in oligopoly often behave like the prisoners in the prisoners' dilemma, carefully anticipating the moves of their rivals in an uncertain environment.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A contract may remain incomplete because the expected benefits of greater completeness do not cover the costs of drafting it.
Indicate whether the statement is true or false