Recall the Application. According to the authors, what explained virtually all of the employment gains that occurred nationally?

A game in which each player adopts its dominant strategy

A) will not lead to an equilibrium. B) can never result in a Nash equilibrium. C) could result in a Nash equilibrium. D) must be a cooperative game.

Dean bakes his famous apple pies and sells them at the local farmer's market. If the price of apples increases, the

a. supply curve for Dean's pies will increase. b. supply curve for Dean's pies will decrease. c. demand curve for Dean's pies will increase. d. demand curve for Dean's pies will decrease.