Which of the following games discussed in the text is a one-shot game?
a. The classic prisoner's dilemma
b. The cola war game
c. OPEC cartel
d. McDonald's and Burger King price war
a
Economics
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Most studies of mineral abundance have assumed that
a. Resources are relatively smoothly distributed in the earth's crust b. Resources are unevenly distributed in the earth's crust c. Resource prices will continue to rise in the near future d. Economically recoverable reserves will decrease in the near future e. The economic supply of resources will remain fixed
Economics
For barter to occur there has to be
A) a commodity to serve as a medium of exchange. B) a single coincidence of wants. C) a double coincidence of wants. D) a formal market where prices are quoted.
Economics