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Author Question: Why are private enterprises more efficient than government enterprises? What will be an ideal ... (Read 136 times)

londonang

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on: Jun 29, 2018
Why are private enterprises more efficient than government enterprises?
 
  What will be an ideal response?

Question 2

How does a dominant strategy equilibrium occur in a simultaneous move game?
 
  What will be an ideal response?


Jevvish

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Private enterprises are more efficient than government enterprises because government enterprises are often slow to react to market changes and to adopt new technologies.

Answer to Question 2

A dominant strategy equilibrium occurs in a simultaneous move game when each player has one best response to every possible strategy of the other player(s).


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