Refer to Scenario 6.1. If both Tasha and Gloria play their dominant strategies, Tasha's net payoff will be ________ and Gloria's net payoff will be ________
A) $15; $12
B) $15; $15
C) $30; $30
D) $12; $12
B
Economics
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You are analyzing the demand for good X. Which of the following will result in a shift to the right of the demand curve for X?
A) A decrease in the price of X B) An increase in the price of a good that is a complement to good X C) An increase in the price of a good that is a substitute for X D) all of the above
Economics
According to public choice theory, which of the following groups will likely benefit the most from government income transfers under a system of representative democracy?
a. the poor b. consumers c. small businesses d. concentrated interest groups
Economics