In a non-cooperative, imperfect information, simultaneous-choice, one-period game, a Nash equilibrium
A) will never exist.
B) will always include dominant strategies.
C) will always result in both players taking the same action.
D) may not maximize the sum of the firms' profits.
D
Economics
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How has China operated in the foreign exchange market, why, and with what effect?
What will be an ideal response?
Economics
In the 1990s Japan had the lowest interest rates in the world due to a combination of
A) inflation and recession. B) deflation and expansion. C) inflation and expansion. D) deflation and recession.
Economics