The prisoners' dilemma game
a. provides insight into why cooperation is individually rational.
b. provides insight into why cooperation is difficult.
c. is a game in which neither player has a dominant strategy.
d. is a game in which exactly one of the two players has a dominant strategy.
b
Economics
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Suppose the demand for widgets is given by QD = 100 - 5p - pd + 2I, where I is average consumer income, p is the price of lemons, and pd is the price of doodads. According to this equation, doodads are a(n) ________ for widgets
A) substitute B) complement C) input D) None of the above
Economics
Subprime mortgages frequently featured small or zero down payments
a. True b. False Indicate whether the statement is true or false
Economics