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MaRussiya [10]
1 year ago
12

chegg which general game theory structure was used in class to model bertrand non-cooperative oligopoly behavior?

Social Studies
1 answer:
Stolb23 [73]1 year ago
6 0

The Nash Equilibrium was used in class to model Bertrand non-cooperative oligopoly behavior.

What is oligopoly?
A market structure known as an oligopoly has a small number of companies, none of which can prevent the others from having a major effect. The market share of a largest companies is calculated using the concentration ratio.

A market with a monopoly has just one producer, a duopoly does have two businesses, and an oligopoly has three or more businesses. The maximum number of firms inside an oligopoly is unknown, and it must be low enough so that each firm's actions have a significant impact on the others. In the past, oligopolies have existed in the steel industry, the oil industry, the railroad industry, the tyre industry, grocery store chains, as well as the wireless industry.

To learn more about oligopoly
brainly.com/question/13658628
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sineoko [7]

Answer:

impersonality

Explanation:

According to Weber's characteristics of bureaucracy, one main characteristics was impersonality. This is the ability of organizations to situate themselves as bureaucracies in order to protect its members. This allows organizations to serve large volumes of customers at the same time and very quickly with affordable products. In the case of the swelling size of a class, impersonality is the reason behind this, as the school wants more students in order to raise money, but this increasing size of the classroom makes it difficult for teachers to provide personal attention to all the students in the class.

7 0
4 years ago
How did the use of bronze and iron affect the ancient Chinese?
Nataly_w [17]

Answer:

the first one

Explanation:

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3 years ago
Assume the minimum wage exceeds the market-clearing wage. If there is an increase in the labor supply, then the number of worker
Lemur [1.5K]

Answer:

Increase; not change

Explanation:

If the minimum wages tend to exceed the market clearing wages which is the wages in which the supply of labour equal to the demand for labour the labour supply will increased and the numbers of unemployed workers will definitely INCREASED while the number of the already employed workers will NOT CHANGE it will remain the same because the supply of labour did not equal the demand for labour since the minimum wages has exceeded the market clearing wages.

The numbers of supply has increased leading to the numbers of unemployed workers to increased because their is supply but no demand.

Therefore increased in supply of labour = increased in unemployed workers.

4 0
3 years ago
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Troyanec [42]

Answer:

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Explanation:

5 0
2 years ago
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Norma-Jean [14]
C.
Explanation:

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3 years ago
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