Which of the following statements represents a key point about ...

[karateprodigy]

Which of the following statements represents a key point about strategic decision making?
 
  A) Strategy is less important in nonconstant sum games than in constant sum games.
  B) The payoffs in cooperative games will always be higher than in noncooperative games.
  C) It is essential to understand your opponent's point of view and to deduce his or her likely responses to your actions.
  D) Optimal strategies in cooperative games always lead to economically efficient outcomes.

Question 2

The benefit of a subsidy accrues mostly to consumers
 
  A) in every instance.
  B) if Ed/Es is large.
  C) if Ed/Es is small.
  D) if Ed and Es are equal.
  E) in no instance.

[Kaytorgator]

Answer to Question 1

C

Answer to Question 2

C

[karateprodigy]

Thanks for the timely response, appreciate it

[FergA]

Excellent