A feasible solution to ensure that the sales agents are pricing the merchandise in the firm's best interest and not too aggressively is to
a. Never let them reduce the price
b. Let them control the pricing decision independently
c. Require the sales agents to obtain permission to reduce price below a specific threshold
d. All of the above
c
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Refer to the scenario above. If the colleagues had decided on a fairness penalty of $5,000 before committing the crime, ________
A) this game will not have a Nash equilibrium B) this game will have multiple Nash equilibria C) this game will have multiple dominant strategy equilibria D) this game will have a unique Nash equilibrium
Adding more resources to production causes
a. a downward movement along the production possibilities curve b. the production possibilities curve to shift in toward the origin c. an upward movement along the production possibilities curve d. the production possibilities curve to shift out from the origin e. the production possibilities curve to become positively sloped