If, holding the strategies of all other firms constant, no firm ...

[sjones]

If, holding the strategies of all other firms constant, no firm can obtain a higher profit by choosing a different strategy, then
 
  A) the firms are using the Cournot model.
  B) the firms' strategies are a Nash equilibrium.
  C) the firms must have formed a cartel.
  D) the firms are using the Bertrand model.

Question 2

All of the following are considered process innovation EXCEPT
 
  A) neutral technical progress.
  B) labor saving technical progress.
  C) organizational innovation.
  D) nonneutral technical progress.

[nguyenhoanhat]

Answer to Question 1

B

Answer to Question 2

C

[sjones]

Gracias!

[kswal303]

TYSM