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Nostrana [21]
4 years ago
14

Rice-to-riches and rice pudding palace are two shops of similar size that sell rice pudding desserts. both shops frequently offe

r "buy one, get one free" specials in an attempt to steal the other store's customers. but because both shops offer the same deal, they both end up losing money. this type of situation is best described as a ___ game. prisoners' dilemma chicken leadership sequential submit
Business
1 answer:
Firdavs [7]4 years ago
4 0

Answer:

Prisoner's Dilemma

Explanation:

Prisoner's dilemma is a situation where 2 otherwise rational individuals refuse to cooperate even if it would be in their best interests to do so.

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d. None of the above are correct.

Explanation:

In a centrally planned environment, the government make decisions on production.

In a market economy, market forces make production decisions.

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The self-interest of households is reflected more fully in the outcome of a market planned economy than in the outcome of a centrally planned economy

Government plays a larger role in the economic affairs of a centrally planned economy than in the economic affairs of a market planned economy.

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8 0
3 years ago
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A​ company's production department was experiencing a high defect rate on the assembly​ line, which was slowing down production
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D

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3 years ago
Wesley owns and operates the cheshire chicken ranch in turpid, nevada. the income from this ranch is $49,000. wesley wishes to u
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