Author Question: Firms try to capture consumer surplus by A) repeat Nash equilibrium games. B) finding markets with ... (Read 118 times)

LCritchfi · **on:** Jun 30, 2018

Firms try to capture consumer surplus by
A) repeat Nash equilibrium games.
B) finding markets with many competitors.
C) exploiting suppliers.
D) personalized pricing.

Question 2

The area below the demand curve but above the market price line is
A) represents a Nash game outcome.
B) consumer surplus.
C) total revenue.
D) total profit.