Because firms in an oligopoly are interdependent, they attempt to maximize revenues rather than ...

Because firms in an oligopoly are interdependent, they attempt to maximize revenues rather than profits
 a. True
  b. False

QUESTION 2

An example of traditional public-goods legislation is
 a. price supports for dairy products
  b. a system of justice
  c. a tattoo removal program in San Luis Obispo, California
  d. tort-reform
  e. a labor union issue

QUESTION 3

A player's strategy is a game plan when decisions are interdependent
 a. True
  b. False

QUESTION 4

Public choices are government decisions about
 a. public goods only
  b. taxes only
  c. public goods and taxes
  d. private goods
  e. private services

QUESTION 5

The prisoner's dilemma is applicable only when considering the illegal behavior that firms in a non-competitive market may pursue
 a. True
  b. False

QUESTION 6

Taxing people according to their marginal valuations of a public good may be efficient, but it may not be fair if the ability to pay differs.
 a. True
  b. False

QUESTION 7

Game theory provides us with a general approach to understanding the behavior of firms when their choices are interdependent
 a. True
  b. False