A dominated strategy
A) may be part of a Nash equilibrium.
B) is never played.
C) can be a best response.
D) is always part of a mixed-strategy Nash equilibrium.
B
Economics
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Refer to Figure 18.1. The opportunity cost of bicycles in Canada is
A) 1/2 of a hang glider. B) 2/3 of a hang glider. C) 2 hang gliders. D) 4 hang gliders.
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The speculative demand for money relates the quantity of money demanded (or held) to
a. the level of income b. the interest rate c. the price level d. the investment opportunity e. satisfy consumption needs
Economics