Author Question: Rock-paper-scissors (Roshambo) is an example of a ________ game. A) simultaneous B) sequential ... (Read 35 times)

SAVANNAHHOOPER23

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Rock-paper-scissors (Roshambo) is an example of a ________ game.
 
  A) simultaneous
  B) sequential
  C) dominant strategy
  D) weakly dominant

Question 2

The fact that at the competitive equilibrium nobody can be made better off without making someone else worse off implies that
 
  A) the equilibrium is pareto efficient.
  B) the equilibrium is not pareto efficient.
  C) the prices need to adjust further.
  D) further gains from trade are possible.



Dunkey

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Answer to Question 1

A

Answer to Question 2

A



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