Price ceilings lead to market surpluses
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is the same as a currency union?
A) a monetary union B) a currency pact C) a monetary pact D) a monetary area
Consider the following payoff matrix facing Harry and Sally when each chooses to go to the coffee shop listed. Harry wants to avoid Sally at the coffee shop and is not happy when Sally ends up in the same shop he chooses. Sally would like to see Harry, and so she is not happy when Harry ends up in a different coffee shop. Harry StarbucksDunkin DonutsSally StarbucksH: ?1, S: 1H: 1, S: ?1 Dunkin DonutsH: 1, S: ?1H: ?1, S: 1Given this payoff:
A. both Harry and Sally have dominant strategies. B. Sally has a dominant strategy but Harry does not. C. Harry has a dominant strategy but Sally does not. D. neither Harry nor Sally has a dominant strategy.