Author Question: Game theory provides us with a general approach to understanding the behavior of firms when their ... (Read 49 times)

tfester · **on:** Jun 30, 2018

Game theory provides us with a general approach to understanding the behavior of firms when their choices are interdependent
a. True
b. False

Question 2

If taxpayers can enjoy mosquito abatement whether or not they pay for it and, therefore, they tend to understate their true valuation of the spraying, this is an example of
a. private goods
b. the median-voter model
c. an open-access good
d. the free-rider problem
e. irrational ignorance