Author Question: The Prisoners' Dilemma is a particular type of game in which negotiation and enforcement of binding ... (Read 27 times)

debasdf · **on:** Jul 1, 2018

The Prisoners' Dilemma is a particular type of game in which negotiation and enforcement of binding contracts is not possible, and such games are known as:

A) cooperative games.
B) noncooperative games.
C) collusive games.
D) Cournot games.

Question 2

Refer to Figure 4.1. The income effect of the price change in food on the quantity of food purchased is:

A) the change from F3 to F1.
B) the change from F3 to F2.
C) the change from F2 to F1.
D) the change from F1 to F2.
E) none of the above