Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansion strategy: they rushed to open the first discount store in small towns that could only support one discount store. In the language of game theory:
A) Wal-Mart was a dominant firm.
B) Wal-Mart made empty threats.
C) Wal-Mart employed a maximin strategy.
D) Wal-Mart employed a preemptive strategy.
D
Economics
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Eurozone countries:
a. have no separate legal tender. b. are pegged to the euro. c. are pegged to the dollar. d. are fixed against a single currency
Economics
Using the multiplier effect, if the government increases purchases of transportation equipment by a certain amount, then total purchases for the economy will ______.
a. decrease by that amount b. also increase by that amount c. increase by more than that amount d. decrease by more than that amount
Economics