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Author Question: A Nash equilibrium occurs when ________. A) each player has a dominant strategy B) none of the ... (Read 53 times)

Alygatorr01285

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on: Jun 29, 2018
A Nash equilibrium occurs when ________.
 
  A) each player has a dominant strategy
  B) none of the players has a dominant strategy
  C) each player can increase his payoff by choosing a different strategy
  D) none of the players can increase their payoffs by choosing a different strategy

Question 2

Refer to the figure above. What is the profit-maximizing quantity that the monopolist should produce if it faces a constant marginal cost of 3?
 
  A) 200 units
  B) 300 units
  C) 400 units
  D) 600 units


brbarasa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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