Which of the following constitutes a mixed strategy Nash equilibrium of the Odds and Evens game?
A) Play Even and Odd with 50% probability each.
B) Play Even with 75% probability and Odd with 25% probability.
C) Always play Even.
D) This game has no mixed strategy Nash equilibrium.
A
Economics
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The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is $2 per gallon and Dana is allowed to buy only 8 gallons of ice cream, then her consumer surplus on the 8th gallon is
A) $1. B) $2. C) $3. D) $8.
Economics
Each of the following is an element of private enterprise, EXCEPT which one?
a. Government regulations b. Private property rights c. Competition d. Profits
Economics