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1.Indicate whether a statement below is true or false by writing either T or Fnext to each. If false, give an example where the statement does not hold.
(i) A Nash equilibrium maximizes the sum of utilities of the players in every game.
(ii) If players are rational and each knows others are rational, a Nash equilibrium willbe played. Remember being rational implies a player will never choose a strictly dominatedstrategy and knowing other players are rational means each player knows others will neverchoose a strictly dominated strategy.
(iii) A Nash equilibrium strategy cannot be weakly dominated.
(iv) A Nash equilibrium strategy cannot be strictly dominated.
(v) A game can have more than one Nash equilibrium
austria has a history of strong hostility to nuclear power and over the last twenty years the austrians have shut down
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Total transactions deposits in the system are $100 billion. If the Federal Reserve wishes the money supply to increase by an additional $20 billion, the Federal Reserve could: How do I get that answer?
Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from both chapters seen this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer. In the first..
One paragraph on Business Trade in Colombia - Free Trade agreement with the US that was recently signed.
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