Author Question: The concept of Nash equilibrium states that A) no firm can improve their outcome holding the ... (Read 18 times)

Ebrown · **on:** Jul 1, 2018

The concept of Nash equilibrium states that

A) no firm can improve their outcome holding the other firm's actions constant.
B) all firms are earning the highest possible profit.
C) firms make alternating output decisions.
D) None of the above

Question 2

When Social Security first began, the required contribution levels were _____.

a. 2 percent of a worker's pay for all income earned
b. 2 percent of a worker's pay for the first 3,000 of income earned
c. 1 percent of a worker's pay for the first 3,000 of income earned
d. 1 percent of a worker's pay for all income earned