The prisoners' dilemma has an equilibrium in which
A) both players deny.
B) both players confess.
C) the player who confesses wins.
D) the player who denies wins.
B
Economics
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Horizontal mergers involve firms in different industries
a. True b. False
Economics
Beginning from a position of long-run equilibrium at the full-employment level of real GDP, the economy's short-run response to an increase in the aggregate demand curve would be:
A. a movement upward along the short-run aggregate supply curve. B. a movement upward along the long-run aggregate supply curve. C. a downward shift in the short-run aggregate supply curve. D. a shift in both the aggregate demand curve and the short-run aggregate supply curve with a movement along the long-run aggregate supply curve.
Economics