In an economic tournament, the higher the effort level a player chooses, the less the effort costs and the greater the net benefits the player will receive from that effort.

Question

Quizplus · Accepted Answer

In economic tournaments, higher effort levels typically increase effort costs, and while they may increase the potential rewards, they do not necessarily lead to greater net benefits due to the increasing costs associated with higher effort levels.

In an Economic Tournament, the Higher the Effort Level a Player