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Author Question: If, holding the strategies of all other firms constant, no firm can obtain a higher profit by ... (Read 61 times)

sjones

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on: Jul 1, 2018
If, holding the strategies of all other firms constant, no firm can obtain a higher profit by choosing a different strategy, then
 
  A) the firms are using the Cournot model.
  B) the firms' strategies are a Nash equilibrium.
  C) the firms must have formed a cartel.
  D) the firms are using the Bertrand model.

Question 2

All of the following are considered process innovation EXCEPT
 
  A) neutral technical progress.
  B) labor saving technical progress.
  C) organizational innovation.
  D) nonneutral technical progress.


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nguyenhoanhat

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


sjones

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

rachel

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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