Refer to the information provided in Table 14.6 below to answer the question that follows.
Table 14.6B's Strategy
?AdvertiseDon't Advertise??A's profit $150 millionA's profit $400 million?AdvertiseB's profit $150 millionB's profit $100 millionA's Strategy????Don'tA's profit $100 millionA's profit $200 million?AdvertiseB's profit $400 millionB's profit $200 millionRefer to Table 14.6. If both firms follow a maximin strategy, the equilibrium in the game is

Mike starts his own business after quitting his job in which he made $75,000. Expenses include $100,000 for wages and salaries, which includes a wage for the owner of $75,000, utilities of $5000, equipment of $50,000, and materials of $40,000. If

revenues are $200,000, his accounting and economic profits are respectively A) $80,000 and $5,000. B) -$70,000 and -$70,000. C) -$70,000 and $5,000. D) $5,000 and $5,000.

The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:

A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.