Question 7 1 pts The median voter theorem suggests that o politicians will appea

Question

Question 7 1 pts The median voter theorem suggests that o politicians will appeal to all voters all over the spectrum in order to maximize voters o politicians will polarize on issues in order to maintain a strong constituency o politicians will always stick to their beliefs and ideals as a means of getting elected o politicians will appeal to the voter closest to the middle on views in order to capture the greatest voter base Question 8 The reason why so few firms exist in an oligopoly type market is cartels reduce the number of competitors firms are price setters o firms have to sell commodities legal and other barriers to entry reduce firm entry into the industry Question 9 1 pts A Nash equilibrium is different from a 'regular equilibrium in that o a nash equilibrium always has to result in the worst possible outcome for all players involved none of the above o a nash equilibrium is reached when firms make decisions based on decisions of competing firms. a nash equilibrium always has to result in the outcome that maximizes benefits to all Question 10 Mark the answer that says "this is a freebie this is a freebie o Mark this answer if you want to lose a point

Explanation / Answer

Ans

1 D is right. They know ultimately median voter is decisive

2 legal and other barriers like customer loyalty, trade marks, patents etc reduce entry

3 c the s right. Neither it leads to worst nor maximum possible benefits always

4 this is a free bie

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.