Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.After trade, at a world price of Pw, the net loss of consumer surplus equals area(s)

A mixed strategy may

A) be part of a Nash equilibrium. B) be a set of probabilities of selecting each possible action. C) lead identical firms to choose different actions. D) All of the above.

The world price of a commodity will settle at the level where

A. supply and demand are equal within each country. B. the excess demand of the importing country is equal to the excess supply of the exporting country. C. the excess demand in the exporting country is equal to the excess demand in the importing country. D. there is no excess demand in the exporting country.