Which of the following would make a player more inclined to continue into later stages of the Centipede Game rather than ending the game immediately? (Choose all that apply.)
a. The subgame-perfect equilibrium is to continue as long as possible because the payoffs eventually get much larger.
b. An increase in the chance that your rival has difficulty performing a long chain of deductions

According to the above figure for a gasoline market, at a price of $1 per gallon of gasoline, there would be

A) a shortage of 30 million gallons. B) a surplus of 30 million gallons. C) a shortage of 20 million gallons. D) a surplus of 50 million gallons.

The demand for Dell laptops is more price elastic than the demand for laptops as whole. This is best explained by

a. There are fewer substitutes for Dell laptops than for laptops as whole b. There are more substitutes for Dell laptops than for laptops as whole c. Dell laptops are luxurious goods d. Dell laptops are a necessity