Author Question: In the ultimatum game, one reason players don't choose the rational offer is A) that there are ... (Read 172 times)

karateprodigy · **on:** Jul 1, 2018

In the ultimatum game, one reason players don't choose the rational offer is

A) that there are too many possible outcomes to reasonably consider.
B) they are worse off by taking the offer.
C) they prefer to sacrifice to punish unfair behavior.
D) that it is not a Nash equilibrium.

Question 2

Dominant price leadership exists when

A) one firm drives the others out of the market.
B) the dominant firm decides how much each of its competitors can sell.
C) the dominant firm establishes the price at the quantity where its MR = MC, and permits all other firms to sell all they want to sell at that price.
D) the dominant firm charges the lowest price in the industry.