What is true about dominant strategies in the game in Scenario 13.16?
A) Gelato is a dominant strategy for both firms.
B) Yogurt is a dominant strategy for Gooi only.
C) Yogurt is a dominant strategy for Ici only.
D) Yogurt is a dominant strategy for both firms.
E) There are no dominant strategies in the above game.
E
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When a central bank intervenes in the foreign exchange market to purchase a foreign currency, the transaction:
a. Increases the nation's monetary base and increases the reserves account in the balance of payments. b. Decreases the nation's monetary base and increases the reserves account in the balance of payments. c. Decreases the nation's monetary base and decreases the reserves account in the balance of payments. d. Changes neither the monetary base nor the reserves account. e. Increases the nation's monetary base and decreases the reserves account in the balance of payments.
Figure 34-9
?
In Figure 34-9, Pestoland exports pasta to Pastaland. The equilibrium price of pasta will be
A. OC. B. OJ. C. OA. D. OK.