In a Bertrand model, if one firm has a dominant strategy, its best-response function
A) does not exist.
B) is identical to its rival.
C) is a constant.
D) is to respond to its rival's price increase with a price decrease.
C
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In the official labor statistics, discouraged workers are:
a. counted as employed. b. counted as unemployed. c. included in the labor force. d. not included in the labor force. e. considered to be seasonally unemployed.
The ultimate burden of the corporate profits tax appears to depend on all of the following except
A. the ease with which capital and labor can be substituted in the corporate and noncorporate sectors. B. the tax rate structure of the corporate profits tax. C. the relative capital/labor intensity of the corporate and noncorporate sectors. D. the elasticities of demand for the products produced in the corporate and noncorporate sectors.