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Author Question: Which of the following statements about Nash equilibrium is true? a. Every finite game has more ... (Read 17 times)

karlynnae

  • Hero Member
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  • Posts: 599
on: Jun 30, 2018
Which of the following statements about Nash equilibrium is true?
 a. Every finite game has more than one Nash equilibrium.
  b. A pair of dominant strategies in a price-fixing game is always a Nash equilibrium.
  c. A dominance solvable game does not have a Nash equilibrium.
  d. Games with an infinite number of strategies have multiple Nash equilibria.

Question 2

Which of the following is not common to perfect competition and monopolistic competition?
 a. Free entry
 b. Many sellers
 c. Elimination of long run economic profits
  d. Product differentiation


Rilsmarie951

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

d


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