Which of the following is true of a simultaneous move game?
A) Players choose their actions after knowing the action of the first player.
B) All relevant benefits and costs of each action are taken into account.
C) It involves strategic interactions among a large number of players.
D) This game cannot be represented by a payoff matrix.
B
You might also like to view...
Which of the following is an effect of an increase in the price level in an economy?
a. The real value of dollar-denominated assets will fall b. The aggregate expenditure line will shift upward. c. The equilibrium real gross domestic product will increase. d. There will be a downward movement along the aggregate demand curve of the economy. e. The aggregate demand curve of the economy will shift rightward.
In early 2008, the central bank of Zimbabwe announced the inflation rate in that country had reached
a. 60 percent. b. 80 percent. c. 220 percent. d. 24,000 percent.