A nash equilibrium is said to occur when

Assignment Help Business Economics

Reference no: EM13836995

A Nash equilibrium is said to occur when,

a. a firm’s decision is its best response given what its competition is doing

b. a competing firm changes its strategy to make more profits while its competitors keep their strategies unchanged.

c. only one firm has an incentive to unilaterally deviate from its pricing option.

Reference no: EM13836995

Questions Cloud

What proportion of investment is private saving : Show that the value of GDP at the point of spending balance is 6,000 billion. What proportion of investment is private saving? Government saving? Saving by the rest of the world?

Investment-government spending exogenous-tax multiplier : Consider the following simple model with investment and government spending exogenous: Derive the change in Y associated with an increase in taxes T. Show the results graphically and algebraically. What is the tax multiplier?

If consumers perceive several goods to be homogeneous : If consumers perceive several goods to be homogeneous, they believe the goods to be,

Check to another individual money supply will not be changed : Free trade will affect a country's employment in different industries. When one individual writes a check to another individual the money supply will not be changed. A bank's required reserves are the fraction of deposits they are required by law to ..

A nash equilibrium is said to occur when : A Nash equilibrium is said to occur when,

Monopolist produces clear spring water at zero total cost : If a monopolist produces clear spring water at zero total cost, its total revenue will be maximized where,

What is the central bank independence : Discuss how the Fed affects interest rates-the process? In October of 2008, the Fed stepped in as lender of last resort, explain this action. The US Federal Reserve is asking people for their comments on what steps we would like to see in changes in ..

According to the quantity theory-money in long run affects : According to the quantity theory, money in the long run affects: If the Fed increased the supply of money, and velocity remains unchanged, according to the quantity equation: The velocity of money is: The quantity theory of money states that: In a co..

To understand what causes productivity growth : Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work. To understand what causes productivity growth, w..

User Account

All Pages