When neither player has a dominant strategy,
A) game theory will not provide information.
B) no Nash-Equilibrium exists.
C) at least one Nash-Equilibrium exists.
D) the game cannot be analyzed.
C
Economics
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Which of the following would shift a nation's production possibilities frontier outward?
A) an increase in demand for the nation's products B) discovering a cheaper way to convert sunshine into electricity C) a decrease in the unemployment rate D) a law requiring workers to retire at age 50
Economics
Which of the following would cause the short-run aggregate supply curve to shift to the right?
A) an increase in the price level B) a technological advance C) a decrease in inflation expectations D) an increase in interest rates
Economics