Microeconomics

Why don’t we see firms tie in the sales of fish filets with the sales

Why don’t we see firms tie in the sales of fish filets with the sales of pencils? A) because the demands for these two goods are positively correlated B) because the demands for these two goods are negatively correlated C) because the demands for these two goods are independent D) It violates the Clean Food […]

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Date: September 9th, 2020

One interesting feature of a prisoner’s dilemma game is that A) non-c

One interesting feature of a prisoner’s dilemma game is that A) non-cooperative behavior leads to lower payoffs than cooperative behavior. B) it was only valid before the industrial revolution. C) individuals behave irrationally when they behave non-cooperatively. D) cooperative behavior leads to lower payoffs than non-cooperative behavior.   ANSWER A  

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Date: September 9th, 2020