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Author Question: A typical firm in a cartel will hold which of the following attitudes? A) If everyone cheats, I'm ... (Read 68 times)

JGIBBSON

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on: Jul 1, 2018
A typical firm in a cartel will hold which of the following attitudes?
 
  A) If everyone cheats, I'm better off, and so is everyone in the cartel.
  B) If I alone cheat, I'm better off; if everyone cheats, I'm worse off.
  C) I can never do better for myself than following agreed-upon cartel rules.
  D) If I suspect others are planning to cheat, I'll do best for myself by deciding not to cheat.

Question 2

Which of the following factors affecting decision-making is studied by Behavioral Game Theory?
 
  A) psychological biases
  B) limited power of calculation
  C) weather forecast
  D) A and B are correct
Microeconomics ¦ Perloff ¦ 8th Edition
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Mollythedog

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


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