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Author Question: What is a Nash equilibrium? How is it different from a dominant ... (Read 11 times)

mcmcdaniel

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on: Jun 30, 2018
What is a Nash equilibrium? How is it different from a dominant strategy.

Question 2

A person acting as a supervisor as well as a residual claimant:
 a. attempts to make value-maximizing investment decisions.
  b. aims to maximize a firm's sales.
  c. facilitates maximum investment in capital goods.
  d. reduces risk of opportunism.


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LP

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The Nash equilibrium is a set of strategies where each firm (player) is said to be doing as well as it can given the actions of its competitors. With a dominant strategy, a firm (player) will do as well as it can regardless of the actions of its competitors.

Answer to Question 2

A


mcmcdaniel

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

olderstudent

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Reply 3 on: Yesterday
Excellent

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