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 36 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
Excellent

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ... An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ...
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library