A decrease in the demand for recreational fishing boats might be caused by an increase in the:

Consumers benefit from monopolistic competition by

A) being able to choose from products more closely suited to their tastes. B) paying the lowest possible price for the product. C) paying the same price as everyone else. D) being able to purchase high-quality products at low prices.

Using a decision tree:

A. allows a player to see his optimal strategy in a simultaneous game. B. can help identify the dominant strategies in a prisoner's dilemma-type game. C. allows a player to see his optimal strategy in a sequential game. D. can help define a binding commitment strategy.