Author Question: In a Nash-Cournot equilibrium where firms produce identical products with unequal costs, A) the ... (Read 106 times)

2125004343 · **on:** Jul 1, 2018

In a Nash-Cournot equilibrium where firms produce identical products with unequal costs,

A) the firm with lower costs charges a higher price.
B) the firm with higher costs charges a higher price.
C) the firm with lower costs produces more.
D) the firm with higher costs produces more.

Question 2

When a regression coefficient is significant at the .05 level, it means that

A) there is only a five percent chance that there will be an error in a forecast.
B) there is 95 percent chance that the regression coefficient is the true population coefficient.
C) there is a five percent chance or less that the estimated coefficient is zero.
D) there is a five percent chance or less that the regression coefficient is not the true population coefficient.