A dominant strategy
A) is one that is the best for a firm, no matter what strategies other firms use.
B) is one that a firm is forced into following by government policy.
C) involves colluding with rivals to maximize joint profits.
D) involves deciding what to do after all rivals have chosen their own strategies.
Answer: A
Economics
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Active fiscal policy is the main tool used by the Fed for economic stabilization
Indicate whether the statement is true or false
Economics
When the marginal cost curve of the monopolist shifts upward, there will be
A) an increase in both price and quantity. B) an increase in price but a decrease in quantity. C) a decrease in price and in marginal revenue. D) a decrease in quantity and a decrease in marginal revenue.
Economics