All of the following are non-price determinants of supply except
A) costs.
B) technology.
C) income.
D) future expectations.
Question 2
The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. Both firms setting a high price is NOT a Nash equilibrium because
A) setting a high price is the dominant strategy for each firm.
B) neither firm can improve its payoff by setting a low price given that the other firm is setting a high price.
C) there is no dominant strategy for either firm.
D) both firms can improve their payoff by setting a low price given that the other firm is setting a high price.
Percentages of adolescents indicating Benefits and Costs of employment.
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
Economic Costs of CVD
Technology has changed our lives fundamentally. The connection to each telephone call used to have ...
Food Safety and Technology
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994