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vazorg [7]
2 years ago
11

A situation in which each firm chooses the best strategy given the strategies chosen by other firms is called a.

Business
1 answer:
Trava [24]2 years ago
4 0

Answer:

A Nash equilibrium results when every firm in an industry chooses a strategy that is optimal given the strategies chosen by its competitors.

You might be interested in
A local restaurant, Farm Fresh Ingredients, has become highly successful through its menu, based solely on organically raised ch
Blizzard [7]

Answer:

d. temporary

Explanation:

Competitive advantage refers to a competitive edge a firm gains over it's competitors by offering better value via it's products or by offering such products at reduced prices.

Competitive advantage results out of a unique or specific methods of production which is more efficient than the competitors and most importantly which cannot be imitated by competitors.

In the given case, the advantage which has accrued is on account of organic method of raising chickens and organic seasonal produce. These advantages are momentarily as, soon other restaurants shall follow suit and gradually these shall disappear.

8 0
3 years ago
Refer to Exhibit 31-4. If a negative externality exists, then curve __________ represents the marginal social cost curve and the
IrinaK [193]

Answer:

Demand

Consumer interference

Explanation:

The social demand curve represents the benefit of demand to the whole society whereas the normal demand curve represents the benefits to the consumers only. The demand curve represents the social cost curve and the market failure is analyzed by the customer interference.

7 0
3 years ago
For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ acc
Lapatulllka [165]

A subsidiary account are the separate accounts of receivable account for each customer mostly from billing and collection purposes.

<h3>What are subsidiary account?</h3>

This refers to an account kept within a subsidiary ledger which is then summarizes into a control account in the general ledger.

Hence, it is also the separate accounts of receivable account for each customer mostly from billing and collection purposes.

Therefore, the Option D is correct.

Read more about subsidiary account

<em>brainly.com/question/16046062</em>

#SPJ1

6 0
2 years ago
The United States has a comparative advantage in the production of wheat, and Haiti has a comparative advantage in the productio
cestrela7 [59]

Answer:

the production and the consumption of both the goods will increase.

Explanation:

  • The U.S and the Haiti have a  comparative advantage in the production of the wheat and sugar thus they can maximize their combined output and allocate their resources more efficiently.
  • If both of the countries tend to specials on the basis of the theory of comparative cost advantage given by David Ricardo.  

6 0
3 years ago
How can pricing range influence pricing strategy
Otrada [13]

When two products have similar core features, but are produced by different companies, competition results. Research your competition to figure out where you fit in or what to change.

6 0
3 years ago
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