When the game does reach the Nash Equilibrium, the payoffs for both stores will be
a. Megastore $95 and Superstore $80
b. Megastore $305 and Superstore $55
c. Megastore $65 and Superstore $285
d. Megastore $165 and Superstore $115
a
Economics
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M1
A) is the sum of currency plus traveler's checks. B) is the narrowest definition of the money supply. C) includes credit cards. D) includes small time deposits.
Economics
When the price of one pen is $1, 50 notebooks are demanded. When the price per pen increases to $5, the number of notebooks demanded decreases to 30. What is the cross-price elasticity of demand between the two goods using the arc method?
A) 0.1 B) -0.375 C) 3 D) -3
Economics