When both firms have dominant strategies A) the outcome is ...

[formula1]

When both firms have dominant strategies
 
  A) the outcome is called a dominant strategy solution.
  B) joint profits are maximized.
  C) there are multiple Nash equilibria.
  D) there is a prisoners' dilemma.

Question 2

The typical by-product of policies that create more equality by making the rich worse off is _____.
 
  a. an increase in the economic multiplier
  b. a decline in conspicuous consumption
  c. and increase in social stratification
   d. a lowering of economic productivity

[huda]

Answer to Question 1

A

Answer to Question 2

d

[formula1]

TYSM

[mohan]

Gracias!