Difference between dominant strategy and nash equilibrium

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Reference no: EM131092069

1. What is the fundamental difference between a dominant strategy (equilibrium) & a Nash equilibrium?

2. Both antitrust policy & economic regulation deal with monopoly. What distinguishes the two approaches? How does government decide to use one form of remedy rather than the other?

3. What does it mean if the interpretation of anti-trust laws is subject to the "rule of reason"? The "per-se rule" (or "per-se illegal")? .

4. "Anti-trust laws tend to penalize efficiently managed & highly competitive firms." Do you agree? Why or why not?

Reference no: EM131092069

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