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inessss [21]
2 years ago
15

The Nash equilibrium in an oligopolistic market is generally ________ for society than the outcome under collusion because the p

rice is ________ marginal cost. a. better; closer to b. worse; equal to c. better; further above d. worse; further above
Business
1 answer:
FinnZ [79.3K]2 years ago
8 0

The Nash equilibrium in an oligopolistic market is generally worse for society than the outcome under collusion because the price is equal to marginal price.

<h3>What is Oligopoly?</h3>
  • A market structure which has a small number of enterprises and none of which can prevent the others from having a large impact known as an oligopoly.
  • The market share of the major companies is calculated using the concentration ratio.
  • Basically, a market with a monopoly has just one producer, a duopoly has two businesses.
  • An oligopoly has three or more businesses. Although there is no exact maximum limit to the number of businesses in an oligopoly.
  • Mainly, there must be few enough that the decisions of one business have a big impact on the others.
<h3>What is Nash Equilibrium?</h3>
  • The Nash equilibrium is the most popular technique in game theory to describe the outcome of a non-cooperative game involving two or more participants.
  • Each player in a Nash equilibrium is considered to be aware of the equilibrium strategies of the other players, and changing one's own strategy will not benefit anyone.
  • Nash Equilibrium shares its name with the mathematician John Forbes Nash Jr.

Know more about Nash Equilibrium brainly.com/question/13026299

#SPJ4

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Due to technological changes in the nature of work and global competition, the Dictionary of Occupational Titles (DOT) has been
zysi [14]

Answer:

a. True

Explanation:

DOT stands for the Dictionary of Occupational Titles. It is the publication which was produced by the Department of Labor of the United States of America for the working people that helped the employers, the government officials, and the other workforce development professionals in order to define over 13,000 different types of work from 1938 to the late 1990s.

But now, due to the advancement in technologies and change in the nature of job of many works the previous publication was replaced by the new Occupational Information Network which suits with todays technology and development in the working conditions. It is shortly known as the O*NET.

Hence the answer is TRUE.

4 0
3 years ago
After enrolling in the MBA program at Minor State University, Sheri began having second thoughts. Although MSU seemed to be a go
NARA [144]

Answer:

Option D                  

Explanation:

In simple words, Cognitive dissonance refers to the practical contact of mental stress that arises whenever an individual holds two or more contradictory beliefs, ideas, values or takes part in a behavior contrary to some of these three.

As per this concept, when two acts or thoughts do not coincide mentally with each other, individuals will do everything they can to alter these until they become compatible.

Thus, from the above we can conclude that the correct option is D .

6 0
3 years ago
Place the steps in order to perform a quick sort.
Margaret [11]
What’s the quesitos asking? Like I know it’s a quick sort but like about what?
7 0
2 years ago
The National Income and Product Accounts simultaneously provide data on: (a) production and efficiency; (b) technological progre
Slav-nsk [51]
The answer is either a or c
7 0
3 years ago
On March 25, 2021, Phillips Corporation purchased bonds of Atlas Corporation for $132 million and classified the securities as t
ValentinkaMS [17]

Answer:

An unrealized holding gain of $28 million in 2019.

Explanation:

At the financial year-end, the company have to reevaluate the investment to recognize the gain or loss.  

If the fair value is higher than actual investment, the company gain and vice versa it lost.

In this scenario, the fair value adjustment = the valuation on 31st December – purchased value = $150 million - $132 million = $28 million.

Because this step is just an approach to record new valuation of investment, then it’s consider unrealized.

In short, Phillips Corporation should first update the fair value adjustment of $28 million on December 31 2021

4 0
3 years ago
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