Credibility in threats and commitments in sequential games is based on

a. randomizing one's actions so they are unpredictable
b. explicit communications with competitors
c. effective scenario planning
d. analyzing best reply responses
e. none of the above

d

Economics

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The higher the number of people who have access to e-mail, the more valuable it is to everyone. This is an example of a(n) ________

A) moral hazard B) adverse selection C) network externality D) negative externality

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What is on the horizontal axis when we draw a total product curve?

a. total cost b. marginal cost c. quantity of output d. quantity of a variable input

Economics