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Q. A prisoners’ dilemma is a game with all of the following characteristics except one. Which one is present in a prisoners’ dilemma?

Q. The marginal product of labour curve shows the change in total product resulting from a:

Q. In general, a flatter demand curve is more likely to be:

Q. Diminishing marginal returns implies:

Q. In cartels

Q. Which of the following is an example of strategic behaviour?

Q. When a firm doubles its inputs and finds that its output has more than doubled, this is known as:

Q. Which situation is consistent with the law of diminishing marginal utility?

Q. The firm’s short-run marginal-cost curve is increasing when:

Q. A model of Game Theory of oligopoly is known as the: