This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A player's best response is A) the strategy that maximizes his payoff given what he thinks the ... (Read 59 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
A player's best response is
 
  A) the strategy that maximizes his payoff given what he thinks the other player will do.
  B) a dominant strategy.
  C) impossible to find when there isn't a Nash equilibrium.
  D) a way to avoid the prisoners' dilemma.

Question 2

In the long run if there is a shortage in the market for a product, the guiding (allocation) function of price can be expected to cause
 
  A) an increasing shift in the demand for the product.
  B) a decreasing shift in the demand for the product.
  C) an increasing shift in the supply of the product.
  D) a decreasing shift in the supply of the product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ddddd

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


wenmo

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
Excellent

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Spatial and Response Strategies Spatial and Response Strategies
The inhibitory response of rods to light. When light bleaches rhodopsin molecules, the rods’ ... The inhibitory response of rods to light. When light bleaches rhodopsin molecules, the rods’ ...
The Cells of the Innate Response The Cells of the Innate Response
Replication fork regression as a likely response to a blocking DNA lesion Replication fork regression as a likely response to a blocking DNA lesion
School aged chess player School aged chess player
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Video: Language Areas Animation

For a complete list of videos, visit our video library