The analytical framework in which two or more firms compete for certain payoffs that depend on the strategy that the others employ is

The GDP deflator is a measure of

A) taxes and subsidies. B) changes in quantities. C) prices. D) depreciation. E) changes in nominal GDP.

One way to overcome the problem of the commons is to

A) assign property rights so that someone owns the resource. B) take away property rights so that no one owns the resource. C) leave the market alone because the market will reach an equilibrium in which the efficient amount of the resource is used. D) None of the above answers is correct.