Economic theory of market forms between pure monopoly and perfect competition was largely nonexistent until the work of
a. Joan Robinson and Edward Chamberlin.
b. Adam Smith and David Ricardo.
c. Alfred Marshall and Francis Edgeworth.
d. Wassily Leontief and Joseph Schumpeter.
a
You might also like to view...
Kyle and Stan are playing Odds or Evens, where Kyle is designated as the "odd" player and Stan is designated as the "even" player. They decide to play the game 10 times. At the mixed-strategy equilibrium in this zero-sum game,
A) each player's expected payoff equals zero. B) one player earns all possible points and the other player earns zero points. C) one player's payoff is positive and the other player's payoff is negative. D) There is never an equilibrium in a zero-sum game.
In the economic way of thinking, "scarcity" is another way of saying
A) "regret." B) "responsibility." C) "unsustainable." D) "sacrifice." E) "waste."