The above figure shows the payoff matrix for two firms, A and B, choosing to produce a basic computer or an advanced computer. Which of the following is a Nash equilibrium?
A) Firm A produces an advanced computer, and firm B produces a basic computer.
B) Both firms produce advanced computers.
C) Both firms produce basic computers.
D) None of the above.
A
Economics
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A put option described as out of the money would find:
A. the market price of the stock is below the strike price. B. the strike price is below the market price of the stock. C. the market price of the stock and the strike price are equal. D. the option has expired.
Economics
The short-run aggregate supply curve is:
A. Vertical at all levels of output. B. Horizontal at all levels of output. C. Downward sloping to the right. D. Upward sloping to the right.
Economics