If a firm is selling a quantity that is NOT on its best-response ...

[genevieve1028]

If a firm is selling a quantity that is NOT on its best-response curve it
 
  A) will go out of business.
  B) is in a Nash equilibrium.
  C) will want to change its behavior.
  D) is operating in a duopoly.

Question 2

For public goods, in general, the optimal output level is found where the marginal benefits of additional production equal marginal cost.
 
  a. True b. False

[triiciiaa]

Answer to Question 1

C

Answer to Question 2

a

[genevieve1028]

Thank you

[triiciiaa]

No problemo