A Payoff Matrix Shows

question 67

Multiple Choice

A payoff matrix shows:

• A)the payoff to being a monopolist.
• B)the demand curve facing a firm when there are only two firms.
• C)the payoffs for each possible combination of strategies.
• D)the payoff to being a perfectly competitive firm.

---

Definitions:

Complete Circuit

A closed circuit in which an electrical current can flow uninterruptedly from the power source through the load and back.

Grounding Prong

The metal prong on a plug designed to connect the electrical device safely to the ground, reducing the risk of electric shock.

Resistance

A measure of the opposition to the flow of electric current, expressed in ohms (Ω).

Electromotive Force

A difference in potential that drives electric current from one point to another, measured in volts.