Cooperation in prisoner's dilemma-type games:
A. always benefits the players and the public.
B. always benefits the players, but does not always benefit the public.
C. doesn't always benefit the players, but always benefits the public.
D. doesn't always benefit the players or the public.
B. always benefits the players, but does not always benefit the public.
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Which of the following is true of perfect price discrimination compared to charging a single price?
a. Output is greater. b. Output is the same, but profit is higher. c. Output is lower, but profit is higher. d. Output is lower, and profit could be higher or lower. e. Output is the same, but profit is lower.
Until Congress began to periodically raise benefit levels to adjust for inflation, the first recipients of Social Security checks:
A. lost value over time, because the payments were not adjusted for inflation. B. received a fixed amount that caused their real income to decline. C. grew poorer over time, because the payments were nominal amounts. D. All of these statements are true.