Which among the following situations refers to a zero-sum game?
A) Two nations trying to strengthen their diplomatic relations
B) A business firm deciding upon the terms of partnership
C) Two players playing a single game of chess
D) Two teams deciding on the rules of a game
C
Economics
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Identify whether each of the following transactions will take place in the factor market or in the product market
a. Graciela buys a Tesla Motors Model X. b. Lashan works 60 hours a week at a law firm. c. Tito sells his family's farmland to a housing developer. d. Tesla Motors increases employment at its Fremont, California plant.
Economics
Which of the following is an example of implicit collusion?
A) price leadership B) a retaliation strategy C) a second-price auction D) product differentiation
Economics