[Answered] If a firm is selling a quantity that is NOT on its best-response curve it A) will go out of ...

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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

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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

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