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Consider the following zero-sum game.
Player R R1 R2 R3
Player C
13
12
10
14
6
8
3
16
7
C1 C2 C3
a. Does either player have a dominant strategy? Does either have a dominated strategy? Explain.
b. Find the players' equilibrium strategies.
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Illustrate a monopolistically competitive firm in a long-run equilibrium? If yes, explain why. If no, explain why not and redraw the diagram so that it is a long-run equilibrium.
National income and product data are generally revised. What effects would the following revisions have on consumption,investment, government purchases, net exports and GDP
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Assume a hypothetical case where an industry begging a perfectly competitive and then becomes monopoly
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