Being first only works
A) if accounting profits are earned in the first year.
B) if the entrepreneur has the working capital of a large firm.
C) in a winner take all situation.
D) all of these choices.
C
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An increase in German Treasury interest rates, all else held constant, causes a rightward shift in the __________ euros and causes the dollar to __________ against the euro
A) supply of, appreciate B) supply of, depreciate C) demand for, appreciate D) demand for, depreciate
We know that people tend to overuse common resources. This problem can be viewed as an example of
a. a game in which the players succeed in reaching the cooperative outcome. b. the prisoners' dilemma. c. a situation to which game theory does not apply because of a lack of strategic thinking. d. a situation to which game theory does not apply because of too many decision-makers.