[Answered] In a Nash equilibrium no player wants to change his or her strategy. Indicate whether the statement ...

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tth

Hero Member
Posts: 579

on: Jun 30, 2018

In a Nash equilibrium no player wants to change his or her strategy.
Indicate whether the statement is true or false

Question 2

The supply curve for land:
a. is almost perfectly elastic.
b. is almost perfectly inelastic.
c. is downward sloping.
d. is horizontal.

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Dominic

Sr. Member
Posts: 328

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

b

tth

Member
Posts: 579

Reply 2 on: Jun 30, 2018

TYSM

ryhom

Member
Posts: 366

Reply 3 on: Yesterday

Thanks for the timely response, appreciate it

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