Which of the following can always be used to determine the outcome when there are multiple Nash equilibria?

A) the Pareto Criterion
B) cheap talk
C) Both A and B
D) None of the above.

D

Economics

You might also like to view...

Decreasing returns to scale may occur because increasing the amount of inputs used

A) increases specialization. B) always increases the amount of output produced. C) may cause coordination difficulties. D) increases efficiency.

Economics

An increase in the demand for a product will shift the demand curve for labor producing the product to the right

a. True b. False Indicate whether the statement is true or false

Economics