Answer:
Explanation:
had a good chuckle ty loll /gen
Answer:
If Firm 2 does not advertise, Firm 1 should advertise
If Firm 2 advertises, then Firm 1 should also advertise
Firm 1 dominant strategy is to advertise
Firm 2 dominant strategy is to advertise
1. A. Nash equilibrium is for both Firms to advertise.
Explanation:
Nash equilibrium is a state where interactions by different firms in a matrix is involved. No firm can gain by a unilateral change of strategy if other firm does not changes its strategy. It is a situation where there is optimal when there is no deviation from the initial strategy. Here firm 1 can by advertise and Firm 2 can also optimize by advertising.
Answer:
c
Explanation:
customers surplus is going to decrease due to the tax increase, some of the customers may not afford and that may affect Arkanas financial performance
Changing prices to attract customers is most difficult in a "<span>purely competitive market"
Hope this helps!</span>
