PS10_MC - Pls hand in via WebCT! ECON1001 Problem Set 10...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Pls hand in via WebCT!!! ECON1001 Problem Set 10 ECON1001: Principles of Microeconomics (Non-major) Problem Set #10 Part I: MC Question (Reference Copy) Release Date: 16 Nov (Fri) Due Date: 5pm, 23 Nov (Fri) Note: You are ONLY allowed to answer this part in the WebCT system. The tutor DOES NOT ACCEPT other ways in handling this MC part. Part II: Short Question Please download Question & Answer sheet of this part from the tutorial website. www.econ.hku.hk/econ1001 Thank you for your cooperation.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Pls hand in via WebCT!!! ECON1001 Problem Set 10 Q1. A dominant strategy occurs when A) one player has a strategy that yields the highest payoff independent of the other player's choice. B) both players have a strategy that yields the highest payoff independent of the other's choice. C) both players make the same choice. D) the payoff to a strategy depends on the choice made by the other player. E) each player has a single strategy. Q2. The prisoner's dilemma refers to games where A) neither player has a dominant strategy. B) one player has a dominant strategy and the other does not. C) both players have a dominant strategy. D) both players have a dominant strategy which results in the largest possible payoff.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/02/2011 for the course ECON 1001 taught by Professor S.c during the Spring '10 term at HKU.

Page1 / 4

PS10_MC - Pls hand in via WebCT! ECON1001 Problem Set 10...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online