How can parties who find themselves in a prisoner’s dilemma situation avoid the undesired outcome and cooperate with each other?

Discrimination in labor markets arises if_____________________, as measured by education, receive different pay because of their_____________________.

A highly innovative firm operating in a competitive market will usually have

Because of the legal protection for intellectual property, such as patents, a firm has a better chance of recouping the costs of research if it pursues

If a competitive firm experiences a shift in costs of production that decreases marginal costs at all levels of output,

If pollutants are emitted into the air and water, what costs might be incurred as a result?

Government has a variety of policies that allow inventors to _____________________, such as the granting patents and _____________________.

Refer to the table below. If the information pertains to the demand curve and the long run average cost curve for an electric company that is a natural monopoly, then what quantity will be produced in this market?  Price Quantity Demanded LRAC $12 100 $6.00 $10 200 $5.50 $8 300 $5.33 $7 400 $5.50 $6 500 $6.00

During a severe recession, the government issued food stamps that could only be used to acquire food to a greater number of families. The budget line graph shows food on the horizontal axis and everything else on the vertical axis. The government expects that issuing the food stamps will cause each family’s budget constraint line to:

A drug company is deciding how much to invest in Research and Development into finding a cure for diabetes. The table below shows the company’s demand for financial capital for R&D based on its expected rates of return from selling the cure. Every investment provides an additional 4% social return: that is, an investment that pays at least a 5% return to the drug company will create at least a 9% return for society as a whole. Estimated Rate of Return_____________________ Value of R&D Projects That Provide at Least This High a Private Rate of Return to the Drug Company (measured in millions of dollars) 10%     $2209%       $2288%       $2387%       $2506%       $2645%       $2804%       $2983%       $308 If the opportunity cost of financial capital for the drug company is 7%, the drug company will invest          in R&D if it receives only the private benefits of this investment.