Firms in oligopoly often behave like the prisoners in the prisoners' dilemma, carefully anticipating the moves of their rivals in an uncertain environment

In most of the financial crises of the last decade, there were large and sudden financial outflows as both home and foreign investors tried to avoid the expected crises

Indicate whether the statement is true or false

In a market economy, economic activity is guided by

a. the government. b. central planners. c. large businesses. d. prices and self-interest.