By offering training to workers whose firms laid them off because of competition from foreign firms, the federal government is attempting to reduce

Refer to Figure 7.1. Suppose the city passes an ordinance banning loud music, and this directly impacts Angus's legal ability to play his bagpipes. The payoffs in the lower-right cell of the payoff matrix would change to

A) 0, 0. B) 550, 100. C) 100, 550. D) The payoffs would not change.

The bargaining power of suppliers increases if

A) the input supplied is relatively standardized. B) the input in question is not a critical component of production. C) the cost of switching suppliers is relatively low. D) there are only a few competitors to the supplier.