A windfall profit tax imposed on oil companies would shift the firms'

George and Jerry are competitors in a local market. Each is trying to decide if it is better to advertise on TV, on radio, or not at all. If they both advertise on TV, each will earn a profit of $3,000 . If they both advertise on radio, each will earn a profit of $5,000 . If neither advertises at all, each will earn a profit of $10,000 . If one advertises on TV and the other advertises on radio,

then the one advertising on TV will earn $4,000 and the other will earn $2,000 . If one advertises on TV and the other does not advertise, then the one advertising on TV will earn $8,000 and the other will earn $5,000 . If one advertises on radio and the other does not advertise, then the one advertising on radio will earn $9,000 and the other will earn $6,000 . If both follow their dominant strategy, then George will a. advertise on TV and earn $3,000. b. advertise on radio and earn $5,000. c. advertise on TV and earn $8,000. d. not advertise and earn $10,000.

Gross investment is the

A. Wearing out of plant and equipment. B. Consumption of capital in the production process. C. Alternative combinations of final goods and services that can be produced with all available resources and technology. D. Total investment expenditure in a given time period.