What kind of game is shown in Scenario 13.13?
A) Battle of the Sexes.
B) Matching Pennies.
C) Prisoners' Dilemma.
D) The Product Choice game.
E) It is not possible to tell what kind of game it is because the strategies have not been identified.
Question 2
Consider the following statements when answering this question
I. If the cost of producing each unit of output falls 5, then the short-run market price falls 5.
II. If the cost of producing each unit of output falls 5, then the long-run market price falls 5.
A) I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) I and II are false.
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