Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder

Exercise 14

In the Tragedy of the Commons, we saw how a small change in A's benefit resulted in a shift in A's best response function and a movement along B's best-response function. Can you think of other factors that might shift A's best-response function? Relate this discussion to shifts in an individual's demand curve versus movements along it.