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

Author Question: Which of the following defines the Nash equilibrium? (Read 35 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: May 25, 2020

Question 1

A dominant strategy, as seen by a firm, is one that is
◦ decided by the firm itself, because it is dominant in the industry.
◦ legally imposed by the government or a regulator.
◦ decided by a dominant firm.
◦ always chosen.

Question 2

Which of the following defines the Nash equilibrium?
◦ Where neither firm is able to earn supernormal profits
◦ Where two or more firms (or people) by attempting independently to choose the best strategy for whatever the other(s) are likely to do end up in a worse position than if they had co-operated in the first place
◦ Where the outputs chosen by each firm are consistent with each other
◦ The position resulting from everyone making their optimal decision based on their assumptions about their rivals' decisions
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cool on May 25, 2020

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


cool

  • Member
  • Posts: 570
Reply 2 on: May 25, 2020
:D TYSM

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

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?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
The Hardy–Weinberg Equilibrium The Hardy–Weinberg Equilibrium
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
The Hardy–Weinberg equilibrium for two autosomal alleles. The Hardy–Weinberg equilibrium for two autosomal alleles.
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library