​Use the Following Case from Question

question 55

Multiple Choice

​Use the following case from question
Two siblings,Bratty Brad and Mousey Mike are playing a simultaneous hit and tell game.Bratty Brad can hit Mousey Mike or not and Mousey Mike can tattle on Bratty Brad or not.Relative to no hitting and no tattling,if Bratty Brad hits Mousey Mike,and he tattles they both experience a loss of 10.Not telling,gets Mousey Mike a bruise,a loss of 5 but Bratty Brad gains 5.If he tattles untruthfully,Mousey Mike gets a gain of 5 and Bratty Brad loses 5.If they get along,no one gets anything
-​If Bratty Brad decides to hit Mousey Mike,what would Mousey Mike's best response be

• A)​Tell
• B)Not tell
• C)Run
• D)​Hide

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Definitions:

Price Level

A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and how it's growing over time.

Consumer Wealth

The total value of assets owned by consumers, including savings, property, and investments, which can impact their spending and saving behaviors.

Aggregate Supply Curve

A curve representing the relationship between the economy’s price level and real GDP supplied per period, with other things constant.