In sequential games,
a. Players take turns, and each player observes what his or her rival did before having to move
b. Players take turns, but each player does not observe what his or her rival did before having to move
c. Players move at the same time
d. None of the above
a
Economics
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Firms in monopolistic competition always will
A) make an economic profit. B) set their price equal to their marginal cost. C) set their price above their marginal cost. D) produce at the minimum average total cost.
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The current account shows transactions in goods and services; the capital account shows purchases and sales of assets; and the official reserve transactions account shows movement of international reserves
a. True b. False
Economics