test3_ECO2003F_2009 - ECO2003F INTERMEDIATE MICROECONOMICS...

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ECO2003F: INTERMEDIATE MICROECONOMICS TEST 3 Shakill Hassan & Lawrence Edwards 14 May 2009 Time allowed: 75 minutes z This is a closed-book multiple choice test. z This test is comprised of 15 multiple choice questions and has 7 pages including the cover page. z Questions that are correctly answered will earn you 4 marks, while each incorrectly answered question attracts a penalty of 1 negative mark. z Read through and answer the questions you find easier first. z Stay calm. z Good luck! 1
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Q1. The strategic form or normal form representation of a game comprises: i. A list of participants (the players) ii. A list of strategies for each player iii. A list of payoffs for each player, associated with each strategy profile (i.e. each combination of strategies of each player)
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