Helium Sports produces shoes at a factory that is designed to work at the efficient scale of production using a combination of 2 machines and 400 workers. The cost of labor has recently increased by 25%. In the given situation, which of the following steps should the company take?
a. Helium Sports should reduce production quantity to keep costs under control.
b. Helium Sports should lower prices on their shoes to increase demand.
c. Helium Sports should make changes to lower the opportunity costs.
d. Helium Sports should update the factory with machines that require fewer workers.
d
Economics
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A game in which each player adopts its dominant strategy
A) will not lead to an equilibrium. B) can never result in a Nash equilibrium. C) could result in a Nash equilibrium. D) must be a cooperative game.
Economics