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Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
Driver 2Left RightDriver 1 Left 0,0 -1000 -1000Right -1000, -1000 0,0a. Does either player have a dominant strategy? Explain.b. Is there Nash equilibrium in this game? Explainc. Why this game is called a cooperative game?
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1. Explain Mill's description of the stationary state and how it differs from Smith and Ricardo's descriptions. 2. In what ways did the Utopian Socialists seem to influence the PE thought of John Stuart Mill
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Consider the marginal cost for a product like Microsoft Window 7. How does the marginal cost for a product like this differ from a product like automobiles? What relevance might there be to this difference?
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