Uber uses what is known as surge pricing to set prices based on the number of people who request rides at a given time in a given area. Based on this pricing method, prices will

A certain state legislature is considering an increase in the state gasoline tax. Representative Campbell argues that an increase in the gasoline tax would harm low-income drivers disproportionately. Representative Richards responds by saying that low-income drivers own smaller cars that use less gasoline, and that low-income drivers therefore would not be harmed disproportionately

a. Representative Campbell's argument is based primarily on efficiency, while Representative Richards' argument is based primarily on equality. b. Representative Campbell's argument is based primarily on equality, while Representative Richards' argument is based primarily on efficiency. c. Both representatives' arguments are based primarily on efficiency. d. Both representatives' arguments are based primarily on equality.

Laurel and Janet are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them advertise, each will earn a profit of $5,000 . If neither of them advertise, each will earn a profit of $10,000 . If one advertises and the other doesn't, then the one who advertises will earn a profit of $12,000 and the other will earn $2,000 . In this version of the

prisoners' dilemma, if the game is played only once, Laurel should a. advertise, but if the game is to be repeated many times she should probably not advertise. b. advertise, and if the game is to be repeated many times she should still probably advertise. c. not advertise, but if the game is to be repeated many times she should probably advertise. d. not advertise, and if the game is to be repeated many times she should still not advertise.