The prisoner's dilemma provides an explanation for
a. the price wars that sometimes occur in oligopolies
b. the ability of firms in an oligopoly to extract the entire consumer surplus
c. the collusive behavior that sometimes occurs in an oligopoly
d. the failure of firms in non-competitive industries to maximize profits
e. an irrational behavior that occurs in competitive markets
Question 2
If periodic use of a resource can be continued indefinitely, that resource is said to be
a. removable
b. renewable
c. cyclical
d. recyclable
e. part of a common pool
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Indian Wars, 1860–1890
Four cutaneous receptors that occur in human skin.
Real Price of Oil, 1861–2010
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
"The Department of Agriculture came out today with its prediction for food price