Which of the Following Statements About Punctuated Equilibrium Theory Is/are

question 2

Multiple Choice

Which of the following statements about Punctuated Equilibrium Theory is/are incorrect?

• A) Individuals and organizations can parallel process
• B) Punctuated Equilibrium Theory is built on Simon's work on serial processing, parallel processing, and bounded equilibrium
• C) Punctuated Equilibrium Theory posits that most policy activity is static and in equilibrium and punctuated by periodic flurries of activities.
• D) Punctuated Equilibrium Theory graphically demonstrates leptokurtic, positively skewed activity
• E) Punctuated Equilibrium Theory posits incrementalism for most policy development

---

Definitions:

Equilibrium

a state in economics where supply equals demand, resulting in a stable market condition.

Trigger Strategy

A strategy in repeated games where a player's response is conditioned on past behavior, such as retaliating or cooperating based on the other player's previous actions.

Repeated Game

A strategic interaction that occurs multiple times, allowing players to potentially develop strategies based on past outcomes.

Price Competition

A type of competition in which companies try to attract customers by offering lower prices than their competitors.