If a player has a strategy where one course of action outperforms all others no matter what other players do, that strategy is

A) a prisoner's dilemma.
B) dominated.
C) dominant.
D) a winner.

C

Economics

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In the diagram to the right, point A provides the ______, point B the ______, and point C the ______.

A. market clearing price; equilibrium point; shortage B. equilibrium price; market equilibrium' surplus C. equilibrium price; market equilibrium; equilibrium quantity D. equilibrium price; surplus or shortage; equilibrium quantity

Economics

A utilitarian government will pursue policies that redistribute income from the rich to the poor. One problem with these policies is that

a. everyone has less incentive to work hard. b. the rich will work harder while the poor will not. c. the poor will work harder while the rich will not. d. everyone in the middle class ends up worse off.

Economics