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

Author Question: If, holding the strategies of all other firms constant, no firm can obtain a higher profit by ... (Read 37 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
If, holding the strategies of all other firms constant, no firm can obtain a higher profit by choosing a different strategy, then
 
  A) the firms are using the Cournot model.
  B) the firms' strategies are a Nash equilibrium.
  C) the firms must have formed a cartel.
  D) the firms are using the Bertrand model.

Question 2

All of the following are considered process innovation EXCEPT
 
  A) neutral technical progress.
  B) labor saving technical progress.
  C) organizational innovation.
  D) nonneutral technical progress.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nguyenhoanhat

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


sjones

  • Member
  • Posts: 520
Reply 2 on: Jul 1, 2018
Excellent

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

The Koala does not normally need to drink, because it can obtain all of the moisture it needs by eat The Koala does not normally need to drink, because it can obtain all of the moisture it needs by eat
Male Turkmen in the wealthier half of the population had higher fertility rates than those in the po Male Turkmen in the wealthier half of the population had higher fertility rates than those in the po
Potency and efficacy: (a) Drug A has a higher potency than drug B. (b) Drug A has a higher efficacy ... Potency and efficacy: (a) Drug A has a higher potency than drug B. (b) Drug A has a higher efficacy ...
How to use implicit differentiation with higher order derivatives How to use implicit differentiation with higher order derivatives
Most Americans obtain their drinking water from a community water system Most Americans obtain their drinking water from a community water system
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library