The above figure shows the payoff matrix for two firms, A and B, choosing to produce a basic computer or an advanced computer. How many pure-strategy Nash equilibria are in this game?
A) 0
B) 1
C) 2
D) 3
C
Economics
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An economy with better technology is likely to:
A) achieve higher productivity. B) have lower levels of human capital. C) have less capital stock. D) use more labor than capital.
Economics
What determines the value of goods and services for GDP?
a. market prices b. quality of product c. stock rating d. investment
Economics