The above figure shows a payoff matrix for two firms, A and B, that must choose between selling basic computers or advanced computers. Which of the following is a Nash equilibrium?
A) Both firms make advanced computers.
B) Both firms make basic computers.
C) Firm A makes basic computers and firm B makes advanced computers.
D) There are no Nash equilibria.
C
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Which of the following generates allocative efficiency in a market economy?
A) United Nations rules for competition B) equity C) voluntary exchange between buyers and sellers D) national government intervention
If the credit markets were segmented:
a. It would be relatively easy to arbitrage securities of different maturities, because discrepancies in real and nominal interest rates would be so obvious. b. Persistent differences between real and nominal interest rates could continue for extended periods of time. c. The yield curve would be upward-sloping. d. The yield curve would be downward sloping. e. Potential, arbitrageable differences between the yields on securities of different maturities could continue for extended periods of time.
What are some of the important questions regarding the assignment of decision rights in an organizational hierarchy?
What will be an ideal response?
Refer to the given data. On the basis of the given information:
A. Alpha should export both steel and wheat to Omega.
B. Omega should export both steel and wheat to Alpha.
C. Omega should export steel to Alpha and Alpha should export wheat to Omega.
D. Alpha should export steel to Omega and Omega should export wheat to Alpha.