Economists have used the ultimatum game and the dictator game in experiments designed to determine a. whether consumers believe it is fair for producers to raise the price of a product for which there is excess demand. b. whether consumers care about fairness when they make decisions. c. whether consumers understand the difference between implicit costs and explicit costs. d. whether consumers understand the rule of equal marginal utility per dollar spent.
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Economists have used the ultimatum game and the dictator game in experiments designed to determine a. whether consumers believe it is fair ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Economists have used the ultimatum game and the dictator game in experiments designed to determine a. whether consumers believe it is fair for producers to raise the price of a product for which there is excess demand. b.