Refer to Figure 18-1. The French fall in love with California wines and triple their purchases of this beverage. Assuming all else remains constant, this would be represented as a movement from

Publishers charge much higher prices for a book in hardcover than for the same book in paper cover because

A) the demand for hardcover books is less elastic at the same price. B) the marginal cost of attaching hardcovers is very high. C) there are larger sunk costs in the production of hardcover editions. D) they have less bargaining power against bookstores in marketing paperback editions. E) they want to subsidize students.

Is a player's best response in a game the same as his dominant strategy? Explain

What will be an ideal response?