When a game is played repeatedly
A) only customers learn.
B) customers and firms are both able to learn.
C) firms end up colluding.
D) a prisoner's dilemma will be the equilibrium.
B
Economics
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Which of the following is NOT a part of the monetary base?
A) Chemical Bank's deposits of reserves at the Fed B) First Bank's required reserves held at the Federal Reserve C) currency D) U.S. government securities owned by the Fed
Economics
Using the above figure, of the prices below, which price enables a perfectly competitive firm to earn the maximum economic profit?
A) $4 per unit. B) $10 per unit. C) $12 per unit. D) $16 per unit.
Economics