A subgame-perfect equilibrium is a Nash equilibrium in which no player can make himself better off by changing his decision at any decision node

Oligopoly is likely to occur whenever the number of firms is so small that any change in output or price by one firm appreciably impacts the sales of competing firms

a. True b. False Indicate whether the statement is true or false

Which of the following will cause, other things being equal, a movement along the supply curve for HDTVs?

A) an improvement in the technology of producing HDTVs B) an increase in resource costs for producing HDTVs C) a reduction in the price of HDTVs D) an expectation that the price of HDTVs will be lower in the future