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Author Question: If a firm is selling a quantity that is NOT on its best-response curve it A) will go out of ... (Read 23 times)

genevieve1028

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on: Jul 1, 2018
If a firm is selling a quantity that is NOT on its best-response curve it
 
  A) will go out of business.
  B) is in a Nash equilibrium.
  C) will want to change its behavior.
  D) is operating in a duopoly.

Question 2

For public goods, in general, the optimal output level is found where the marginal benefits of additional production equal marginal cost.
 
  a. True b. False


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triiciiaa

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

C

Answer to Question 2

a


genevieve1028

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Reply #2 on: Jul 1, 2018
Thank you


triiciiaa

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Reply #3 on: Jul 1, 2018
No problemo


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