The implication of the prisoners' dilemma for a long-run strategy is for firms to
a. Do nothing
b. Differentiate your product that competitors cannot imitate
c. Figure a way to lower their costs
d. Both b and c
d
Economics
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National output and national income are essentially the same because
A) every purchase implies a sale. B) every cost implies a benefit. C) every profit implies a loss. D) every gain implies a sacrifice.
Economics
A discouraged worker is one who: a. is underqualified for his current job
b. dislikes his current job but is afraid to quit. c. drops out of the labor force because he cannot find a job. d. quits his job because the possibility of advancement was very low. e. is overqualified for his current job.
Economics