Author Question: A subgame-perfect equilibrium is a Nash equilibrium that a. cannot persist through several periods. ... (Read 95 times)

NClaborn · **on:** Jul 1, 2018

A subgame-perfect equilibrium is a Nash equilibrium that
a. cannot persist through several periods.
b. involves only credible threats.
c. consists only of dominant strategies.
d. is unique.

Question 2

The French respect individual freedoms even as they accept collective action to reach important national goals of social solidarity and equality. What has been the major cost of a government-run system in France?
a. The long waiting lists of expensive medical services.
b. The high out-of-pocket spending with over 90 percent of the population purchasing supplementary private insurance.
c. An erosion of the incomes of physicians relative to those of the average wage and salary worker.
d. An erosion of physician autonomy in making treatment decisions.
e. Both b and c are true.