Negotiating - Negotiating From Last time The supply curve...

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Negotiating From Last time The supply curve is imports is horizontal when we assume perfect competition. The nation can buy all the imports it wants at the world price. Sony was not guilty of dumping because the Commerce Department decided it wasn't. Governments use trade embargoes because they are a relatively inexpensive way of trying to get a foreign government to change its policy and sometimes they do work. The Prisoners' Dilemma A pair of transients, Al Fresco and Des Jardins, have been arrested for vagrancy. They are suspected of complicity in a robbery, but the evidence is inadequate to convict them. The DA interrogates them in separate cells and offers them each the following deal. "If you confess and your friend does not, you will be released and your friend will have the book thrown at him; and the other way around if he confesses and you do not. If both confess, both will receive moderately long sentences. If neither confesses, both will be convicted of a minor vagrancy charge." What does rationality dictate
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This note was uploaded on 11/22/2011 for the course FIN FIN1100 taught by Professor Bradrifkin during the Fall '09 term at Broward College.

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Negotiating - Negotiating From Last time The supply curve...

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