Of the five game types described in this chapter (prisoner's dilemma, pure coordination, assurance, battle of the sexes, chicken), which have a dominant strategy and which have more than one Nash equilibrium in a two-player game?

What will be an ideal response?

Of the five game types, only the prisoner's dilemma has a dominant strategy, and all but the prisoner's dilemma have two Nash equilibria in a two-player game, whereas the prisoner's dilemma only has one Nash equilibrium.

Economics

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Government bond:

What will be an ideal response?

Economics

An increase in a consumer's income will increase the Marginal Rate of Transformation

Indicate whether the statement is true or false

Economics