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 40 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

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

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

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Hydrostatic Equilibrium Hydrostatic Equilibrium
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
The Hardy–Weinberg equilibrium for autosomal genes The Hardy–Weinberg equilibrium for autosomal genes
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Dendrite Animation

For a complete list of videos, visit our video library