When You Own ____, There Is No Obligation on Your

question 101

Multiple Choice

When you own ____, there is no obligation on your part; however, when you own ____, there is an obligation on your part.

• A) call options; put options
• B) futures contracts; call options
• C) forward contracts; futures contracts
• D) o; forward contracts

Evaluate the role of cooperation, cheating, and first-mover advantage in repeated games.

Distinguish between extensive form and strategic form representations of games.

Understand the application and limitations of backward induction and subgame perfection.

Assess the effects of potential entry and exit strategies in competitive markets.

---

Definitions:

In Vitro Fertilization

A medical procedure whereby an egg is fertilized by sperm outside the body, with the resulting embryo then transferred to the uterus for pregnancy.

Ova

The female reproductive cells or eggs in animals and plants, which when fertilized by male gametes, lead to reproduction.

Sperm

The male gamete or reproductive cell involved in sexual reproduction, which can fertilize the female ovum.

Androgen

A type of hormone that plays a role in male traits and reproductive activity; present in both males and females, but in significantly higher levels in males.