(Situation G) the Number of Industrial and Construction Failures in the United

question 66

Multiple Choice

(Situation G) The number of industrial and construction failures in the United States by the type of firm for the years 1985-1996 is given in the table. $$\begin{array} { l r c c r c } \hline \text { Year } & \begin{array} { l } \text { Commercial } \\\text { Service }\end{array} & \text { Construction } & \begin{array} { c } \text { Manufacturing } \\\text { and Mining }\end{array} & \begin{array} { l } \text { Retail } \\\text { Trade }\end{array} & \begin{array} { l } \text { Wholesale } \\\text { Trade }\end{array} \\\hline 1985 & 1637 & 2262 & 1645 & 4799 & 1089 \\1986 & 1331 & 1770 & 1360 & 4139 & 1028 \\1987 & 1041 & 1463 & 1122 & 3406 & 887 \\1988 & 773 & 1204 & 1013 & 2889 & 740 \\1989 & 930 & 1378 & 1165 & 3183 & 908 \\1990 & 1594 & 2355 & 1599 & 4910 & 1284 \\1991 & 2366 & 3614 & 2223 & 6882 & 1709 \\1992 & 3840 & 4872 & 3683 & 9730 & 2783 \\1993 & 8627 & 5247 & 4433 & 11,429 & 3598 \\1994 & 12,787 & 6936 & 5759 & 13,787 & 4882 \\1995 & 16,647 & 7004 & 5662 & 13,501 & 4835 \\1996 & 20,911 & 7035 & 5641 & 13,509 & 4808 \\\hline\end{array}$$
-Using 1985 as the base year and using all five types of firms, calculate the simple composite index for 1995.

• A) 217.88
• B) 23.99
• C) 476.49
• D) 416.80

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Definitions:

Nash Equilibrium

A pair of strategies, one for each player, in which each strategy is a best response against the other.

Simultaneous Game

A strategic situation where players make decisions at the same time without knowledge of the other players' choices, often analyzed in game theory.

Simultaneous Game

A game theory concept where all players make their decisions at the same time, without knowledge of the other players' decisions.

Sequential Games

Games in which players make decisions one after another, with each being aware of the previous players' decisions.