An equilibrium in which each firm in an oligopoly maximizes profit, given the actions of its rivals, is called
a. a general equilibrium.
b. a dominant equilibrium.
c. a Nash equilibrium.
d. an oligopoly equilibrium.
c
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Gross private domestic investment is a component of which approach to measuring GDP?
A) incomes approach B) expenditure approach C) linking approach D) output approach
Some people will often remark that the used car market is a counter-cyclical business,meaning that the fortunes of the business tend to move in the opposite direction of the health of the economy
Why might this be true and what conclusion can you make about what kind of a good used cars would be classified as economically speaking?
If prices rise in Japan, everything else constant, the dollar __________ against the yen and the yen __________ against the dollar
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Exchange controls in Peru _________
a. reduce quotas b. are illegal c. reduce tariffs d. are designed to float the exchange rate e. will ease the pressure on Peru's foreign exchange reserves if its exchange rate is fixed