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Author Question: Refer to Table 14-3. What is the Nash equilibrium in this game? A) In the Nash equilibrium both ... (Read 172 times)

tuffie

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on: Jun 29, 2018
Refer to Table 14-3. What is the Nash equilibrium in this game?
 
  A) In the Nash equilibrium both Saudi Arabia and Nigeria produce a low output and earn a profit of 100 million and 20 million respectively.
  B) In the Nash equilibrium Saudi Arabia produces a low output and earns a profit of 80 million and Nigeria produces a high output and earns a profit of 30 million.
  C) In the Nash equilibrium both Saudi Arabia and Nigeria produce a high output and earn a profit of 60 million and 20 million respectively.
  D) There is no Nash equilibrium.

Question 2

If the average variable cost curve is above the marginal cost curve, then
 
  A) marginal costs must be decreasing.
  B) average variable costs must be increasing.
  C) marginal costs can be either increasing or decreasing.
  D) marginal costs must be increasing.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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dawsa925

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tuffie

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

lindahyatt42

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Reply 3 on: Yesterday
Excellent

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