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Author Question: The Nash equilibrium in a Bertrand game of price setting where all firms have different marginal ... (Read 79 times)

khang

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on: Jul 1, 2018
The Nash equilibrium in a Bertrand game of price setting where all firms have different marginal cost is:
 a. efficient because all mutually beneficial transactions will occur.
  b. efficient because of the free entry assumption.
  c. inefficient because some mutually beneficial transactions will be foregone.
  d. inefficient because of the uncertainties inherent in the game.

Question 2

The cost of capital is:
 a. concerned with what a firm has to pay for the capital
  b. the rate of return required by investors
 c. determined in the capital markets
 d. all of the above
 e. b and c only


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Alyson.hiatt@yahoo.com

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


khang

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

amandanbreshears

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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