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Author Question: If the current margin is greater than the desired margin, the firm should a. Increase production b. ... (Read 159 times)

Destiiny22

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on: Jul 1, 2018
If the current margin is greater than the desired margin, the firm should
 a. Increase production
 b. Decrease production
 c. Not change production level
  d. Production ceases

Question 2

The equilibrium outcome used in both the sequential and simultaneous move games is known as
 a. The centrality equilibrium
  b. First mover equilibrium
 c. Nash equilibrium
 d. All of the above


KKcool

  • Sr. Member
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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


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