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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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What scenarios would cause the u.S. Short-run aggregate supply curve to shift to the left?
sammy [17]

Answer:

Explanation:

The aggregate supply curve shifts to the left as the price of key inputs rise, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.

8 0
3 years ago
A canadian agent has an existing client who goes on vacation to Seattle, Washington. The agent wishes to contact the customer in
Rashid [163]

Answer:

The exception is due to vacation.

Explanation:

This is an example of a right answer, while, yes the individual must be registered in Canada, the exception is due to vacation.

7 0
3 years ago
Tony is most nervous about doing a good job delivering the information that he has, so his concerns relate to the
Leviafan [203]

Answer:

A. Message element of the communication model

Explanation:

The communication model basically consists of four factors namely; the sender, the message, the receiver, and the channel. The sender in this context is Tony. Since he is nervous about delivering the information that he has, his concerns relate to the message element in the communication model.

The information is the message Tony wants to pass. So his nervousness is about delivering the message well.

3 0
2 years ago
A worker is paid $9.80 per hour, with time and a half for any hours over 40 per week. If he works 44 hours in a week, what will
olasank [31]

Answer:

No of hours worked = 44 hours

Pay per hour = $9.80

Pay for overtime = 9.80/2 = $4.60

Overtime hours = 4

Total Pay = (40 × 9.8) + (4 × 4.6)

= 392 + 18.4 = $ 410.4

Gross pay = $392

3 0
3 years ago
On June 30, 2018, the High Five Surfboard Company had outstanding accounts receivable of $600,000. On July 1, 2018, the company
attashe74 [19]

Answer:

The Journal entry is as follows:

On July 1,

Cash A/c                                  Dr. $439,200

Finance charge Expense A/c Dr. $10,800

To Financing arrangement A/c                       $450,000

(To record the amount of borrowings)

Workings:

Finance charge expense = ($600,000 × 1.8%)

                                          = $10,800

So, cash account = $450,000 - $10,800

                             = $439,200

4 0
3 years ago
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