The prisoner's dilemma is used to analyze business situations in which one firm acts first and then other firms respond

The Big River Power Company is a regulated monopolist with pricing structured such that the stockholders receive a "fair" rate of return based on the firm's unit costs. Can economic thinking predict how the company executive offices are likely to be furnished? Given a choice between Hawaii and downtown Cleveland (20 miles away), where would we expect the Board of Directors to meet?

Nominal GDP differs from real GDP because:

A.  Nominal GDP is based on constant prices B.  Real GDP is based on current prices C.  Real GDP results from adjusting for changes in the price level D.  Nominal GDP results from adjusting for changes in the price level