« previous next »

Author Question: Which of the following statements about Nash equilibrium is true? a. Every finite game has more ... (Read 24 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 30, 2018
Which of the following statements about Nash equilibrium is true?
 a. Every finite game has more than one Nash equilibrium.
  b. A pair of dominant strategies in a price-fixing game is always a Nash equilibrium.
  c. A dominance solvable game does not have a Nash equilibrium.
  d. Games with an infinite number of strategies have multiple Nash equilibria.

Question 2

Which of the following is not common to perfect competition and monopolistic competition?
 a. Free entry
 b. Many sellers
 c. Elimination of long run economic profits
  d. Product differentiation


Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Hydrostatic Equilibrium Hydrostatic Equilibrium
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
The Hardy–Weinberg equilibrium for autosomal genes The Hardy–Weinberg equilibrium for autosomal genes
Video: Phases of mitosis

For a complete list of videos, visit our video library