Author Question: When both firms have dominant strategies A) the outcome is called a dominant strategy solution. ... (Read 59 times)

formula1 · **on:** Jul 1, 2018

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