Refer to Scenario 5.2. Randy's expected expense for his car is
A) $20,000.
B) $19,000.
C) $18,000.
D) $17,500.
E) $15,000.
B
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Which of the following receives government subsides that are in place to protect the population rather than for economic reasons?
a) a national car company in Indonesia b) small farmers in France c) tobacco growers in the United States d) national airlines in Western Europe
The relationship between a pure-strategy Nash equilibrium and a dominant-strategy equilibrium is that
A) a dominant-strategy equilibrium is a special case of a pure-strategy Nash equilibrium. B) a pure-strategy Nash equilibrium is a special case of a dominant-strategy equilibrium. C) they are the same. D) there may not be a dominant-strategy equilibrium, but there always is a pure-strategy Nash equilibrium. E) they are mutually exclusive and exhaustive, in that a dominant-strategy equilibrium is the same thing as a mixed-strategy Nash equilibrium.