Which of the following models results in the greatest deadweight loss assuming a fixed number of firms with identical costs and a given demand curve?

A game in which each player has a dominant strategy of defecting, and each ends up worse off than if they had both cooperated, is called a ________ game

Fill in the blank(s) with correct word

All of the following can be used to reduce risk except which one?

A) settling a law suit B) entering into litigation C) purchasing insurance D) diversifying your stock portfolio