An efficient way to move toward the Nash equilibrium is called:
a. an agreement.
b. a convention.
c. a principle.
d. a resolution.
e. a convergence.
b
Economics
You might also like to view...
Capital goods are
A. long-lived goods used for producing other goods and services. B. excluded from GDP. C. the end products of production. D. publicly provided.
Economics
A firm that successfully differentiates its product or lowers its average cost of production creates
A) a perfectly inelastic demand curve for its product. B) value for its customers. C) entry barriers into its market. D) economies of scale.
Economics
Describe the differences between capitalism and socialism
Economics
Eggs are considered a poor medium of exchange principally because of their
a. durability b. portability c. volatility d. fragility e. abundance
Economics