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Author Question: Dominant strategies A) are always present in simultaneous games. B) result in a prisoners' ... (Read 204 times)

clippers!

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on: Jul 1, 2018
Dominant strategies
 
  A) are always present in simultaneous games.
  B) result in a prisoners' dilemma.
  C) result in one firm winning and the other losing.
  D) None of the above.

Question 2

The fact that any pareto efficient equilibrium can be achieved through competition by adjusting endowments is called
 
  A) the second welfare theorem.
  B) the first welfare theorem.
  C) the third welfare theorem.
  D) That is not possible.


Danny Ewald

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

D

Answer to Question 2

A


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