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Economics

1. If some firms leave a monopolistically competitive industry, the demand curves of the remaining firms will:

a. be unaffected.

b. shift to the left.

c. become more elastic.

d. shift to the right.

2. The dominant strategy equilibrium in the prisoner's dilemma is:

a. related to the personality of the players.

b. confession by both players.

c. denial by both players.

d. one player denies while the other confesses.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950556

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