If Best Paints and Paint with Us are competing in a duopoly and it is always best for Best Paints to charge a price of $20 per gallon of paint regardless of the price Paint with Us charges, then charging $20 is ________ for Best Paints.
A) a dominant, but not pure strategy
B) a dominant and pure strategy
C) a pure, but not dominant strategy
D) neither a dominant nor pure strategy
B) a dominant and pure strategy
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Options on individual stocks are referred to as
A) stock options. B) futures options. C) American options. D) individual options.
Most corporate bond trading takes place on the
A) New York Stock Exchange. B) over-the-counter market. C) Pacific Stock Exchange. D) Nasdaq.
According to the income approach, the largest component of national income is:
a. government spending. b. proprietor's income. c. net interest. d. personal consumption expenditures. e. compensation of employees.
Which of the following is an example of a normative question?
a. When will the government increase spending on education? b. What effect will the government’s increased spending on education have? c. How much will the government increase spending for education? d. Should the government increase spending for education?