Any dominant equilibrium implies:
a. a sequential game
b. instability
c. a price-taking equilibrium
d. a Nash equilibrium
d
Economics
You might also like to view...
Monopolistically competitive and purely competitive industries are similar in that:
A. both are assured of short-run economic profits. B. both produce differentiated products. C. the demand curves facing individual firms are perfectly elastic in both industries. D. there are few, if any, barriers to entry.
Economics
Using the above table, the marginal product of the 2nd worker is
A. 15. B. 12. C. 13. D. 14.
Economics