26. Consider the following game. There are ten churches in town: nine are Catholicand one is Eastern Orthodox. All churches conduct their services at 10am on Sundaymorning. You and your friend, without communication, agree to meet at a churchservice. If you fail to meet at the same church, then you are sad. What is this game'sfocal point? Remember that you cannot communicate about this.(A) You meet at any of the Catholic churches.(B) You meet at any of the churches – denomination does not matter.(C) You meet at the Orthodox church.(D) There is no focal point.27. Which of the following is the best example of Skin in the Game?(A) A politician retires to serve on the board of governors of a prestigious think tank.(B) A wealthy man donates his savings to charity.(C) A general leads his troops into battle.(D) Billie Eilish creates another cringe music video.28. Public choice theory makes assumptions about the motives of politicians, firms,voters, and bureaucrats. Which of these is a good illustration of public choice theory'spremises about voter behaviour?(A) A politician retires to serve on the board of governors of a prestigious think tank.(B) Boomers (those aged 55+) vote for more healthcare spending, while raising taxeson the young.(C) A drug company tests experimental pharmaceuticals on poorly-informed partici-pants in sub-Saharan Africa, since it is unlikely to face lawsuits for such unethicalbehaviour.(D) Young people (Zoomers) refuse to vote.

Since you have asked multiple question, we will solve the first question for you. If you want any…

26. Consider the following game. There are ten churches in town: nine are Catholic and one is Eastern Orthodox. All churches conduct their services at 10am on Sunday morning. You and your friend, without communication, agree to meet at a church service. If you fail to meet at the same church, then you are sad. What is this game's focal point? Remember that you cannot communicate about this. (A) You meet at any of the Catholic churches. (B) You meet at any of the churches – denomination does not matter. (C) You meet at the Orthodox church. (D) There is no focal point.

26. Consider the following game. There are ten churches in town: nine are Catholic and one is Eastern Orthodox. All churches conduct their services at 10am on Sunday morning. You and your friend, without communication, agree to meet at a church service. If you fail to meet at the same church, then you are sad. What is this game's focal point? Remember that you cannot communicate about this. (A) You meet at any of the Catholic churches. (B) You meet at any of the churches – denomination does not matter. (C) You meet at the Orthodox church. (D) There is no focal point.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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