If the game in Scenario 13.13 were not played sequentially,
A) the only equilibrium would be (R2,C1 ).
B) the only equilibrium would be (R1,C2 ).
C) the only equilibria would be (R2,C1 ) and (R1,C2 ).
D) the only equilibria would be (R2,C1 ), (R1,C2 ) and a mixed strategy equilibrium.
E) there would not be any equilibrium.
D
Economics
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Which of the following is NOT necessary for price discrimination to occur?
A) The firm must be able to separate the market into identifiable groups. B) The firm must be selling a durable good. C) The firm must have a downward sloping demand curve. D) The firm has to be able to prevent resale of the product or service.
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When inflation turns out to be different from what was expected, purchasing power is ________.
A. decreased B. redistributed C. destroyed D. increased
Economics