In a "game," strategies are
A) the reactions of firms to the changes in the economy.
B) the laws regulating the industry.
C) the plans made by the participants.
D) the potential returns the participants may get.
C
Economics
You might also like to view...
What is GDP expressed in constant, or unchanging, prices called?
(A) Price level (B) Real GDP (C) Net national product (D) Nominal GDP
Economics
In general, pollution exists if
A) people are unconcerned about the hazards associated with pollution. B) there are poorly defined private property rights. C) there are poorly defined common property rights. D) profit-making activity is taken to an extreme.
Economics