Which of the following statements is true?
A) In any game, the best response of a player is also her dominant strategy.
B) The best response of a player is not always her dominant strategy.
C) A prisoners' dilemma game is an example of a zero-sum game.
D) A prisoners' dilemma game is an example of an extensive-form game.
B
Economics
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When real GDP increases, people demand
A) the same quantity of real money. B) less real money. C) more real money. D) more money in nominal terms but less in real terms.
Economics
When producers agree to restrict output, raise the price, and increase profits, the agreement is called ________
A) a pricing agreement B) an oligopoly agreement C) a collusive agreement D) a monopoly agreement
Economics