In this graph of choice set, price change causes the slope of budget lines to change

The long run refers to the time interval in which suppliers are able to change the quantity of some, but not all, of the resources in the production of a good

Indicate whether the statement is true or false

In a game, a dominant strategy is

a. the best strategy for a player to follow only if other players are cooperative. b. the best strategy for a player to follow, regardless of the strategies followed by other players. c. a strategy that must appear in every game. d. a strategy that leads to one player's interests dominating the interests of the other players.