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Author Question: When both firms have dominant strategies A) the outcome is called a dominant strategy solution. ... (Read 114 times)

formula1

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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


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huda

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

d


formula1

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

steff9894

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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