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Scenario: Your Friend Joe and You Decide to Race Your

Question 149

Multiple Choice

Scenario: Your friend Joe and you decide to race your new cars. However, both of you are caught speeding by a police patrol. The matrix below shows the respective payoffs for each choice of actions. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
Scenario: Your friend Joe and you decide to race your new cars. However, both of you are caught speeding by a police patrol. The matrix below shows the respective payoffs for each choice of actions. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.    -Refer to the scenario above.Suppose a new legislative policy decreases the fine for speeding to $50.This reduction in the fine to $50 ________. A)  makes it profitable for you to bribe B)  makes it profitable for Joe to bribe C)  changes the outcome of the game D)  will not change your dominant strategy
-Refer to the scenario above.Suppose a new legislative policy decreases the fine for speeding to $50.This reduction in the fine to $50 ________.


A) makes it profitable for you to bribe
B) makes it profitable for Joe to bribe
C) changes the outcome of the game
D) will not change your dominant strategy

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