This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a firm is selling a quantity that is NOT on its best-response curve it A) will go out of ... (Read 15 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

a


genevieve1028

  • Hero Member
  • *****
  • Posts: 601
Reply #2 on: Jul 1, 2018
Thank you


triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Bell Curve Joke Bell Curve Joke
Additive, synergistic, and antagonistic drug interactions: (a) additive response; (b) synergistic ... Additive, synergistic, and antagonistic drug interactions: (a) additive response; (b) synergistic ...
Radiation Quantity and Quality Radiation Quantity and Quality
Schematic diagram showing polyclonal response by B cells against linear epitopes. Schematic diagram showing polyclonal response by B cells against linear epitopes.
Intervention Model-Response to Client Misconduct Intervention Model-Response to Client Misconduct
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Video: Burn Animation

For a complete list of videos, visit our video library