A noncooperative equilibrium is one in which:
A. the participants act independently, pursuing only their individual interests.
B. always results in a negative-negative outcome.
C. a dominant strategy exists for both players.
D. each player ignores the actions of the other players.
A. the participants act independently, pursuing only their individual interests.
Economics
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If the nominal interest rate is 5 percent and there is no inflation, then the real interest rate:
a. exceeds 5 percent. b. is less than 5 percent. c. is 5 percent. d. is zero.
Economics
If a demand curve for a good were completely vertical, it would be considered:
A. perfectly elastic. B. perfectly inelastic. C. unitary elastic. D. relatively inelastic.
Economics