A game in which firms act together to increase their mutual payoff is called a ______.
a. non-cooperative game
b. binding contract
c. cooperative game
d. payoff matrix
c. cooperative game
Economics
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What is one of the biggest differences between a sole proprietorship and a corporation?
A) Sole proprietorships offer stock. B) Corporation shareholders elect the managers of the firm. C) Sole proprietorships have limited liability. D) Corporations are the only profitable firms.
Economics
Gross private domestic investment
a. excludes all investment in the United States by foreign firms. b. includes all capital in the United States. c. includes net additions to the capital stock plus all new corporate stocks and bonds. d. includes business expenditures on new factories, tools, and machinery.
Economics