When OPEC meets to set production levels, this organization is playing a
A) negative sum game.
B) cooperative game.
C) non-cooperative game.
D) reaction function game.
B
Economics
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Legal or governmental restrictions that give monopolistic advantages to a firm include all of the following EXCEPT
A) franchises. B) environmental protection. C) exclusive ownership of an unimportant resource. D) patents.
Economics
If the real interest rate in the economy is i and the expected rate of return on additional investment is r, then other things equal:
A. investment will take place until i and r are equal. B. investment will take place until r exceeds i by the greatest amount. C. r will rise as more investment is undertaken. D. i will fall as more investment is undertaken.
Economics