Author Question: When the TR and TC curves have the same slope, A) they are the furthest from each other. B) ... (Read 116 times)

kwoodring · **on:** Jul 1, 2018

When the TR and TC curves have the same slope,

A) they are the furthest from each other.
B) they are closest to each other.
C) they intersect each other.
D) profit is negative.
E) profit is zero.

Question 2

A strategy A is dominant for a player X if

A) strategy A contains among its outcomes the highest possible payoff in the game.
B) irrespective of any of the possible strategies chosen by the other players, strategy A generates a higher payoff than any other strategy available to player X.
C) strategy A is the best response to every strategy of the other player.
D) strategy A is the best response to the best strategy of the other player.
E) every outcome under strategy A generates positive payoffs.