Refer to the scenario above. Which of the following is likely to be true in this case?
A) A unique Nash equilibrium will occur.
B) A socially inefficient equilibrium will occur.
C) Multiple equilibria will occur.
D) A dominant strategy equilibrium will occur.
B
Economics
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In consumer equilibrium, which of the following is true? a. The marginal utility from the consumption of each good is the same
b. The marginal utility from the consumption of each good is zero. c. The marginal utility from the consumption of the last dollar's worth of each good is the same. d. The total utility from the consumption of each good is the same.
Economics
The United States has greater income disparity than
a. Japan. b. India. c. South Africa. d. Both a and b are correct.
Economics