1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lesechka [4]
3 years ago
15

Suppose that Thierry and Abdul are duopolists. Thierry is producing 700 units of output, and Abdul is producing 500 units of out

put. When Abdul produces 500 units, Thierry maximizes profit by producing 700 units. When Thierry produces 700 units of output, Abdul maximizes profit by producing 500 units. Thierry and Abdul are ___________.a. pricing at the minimum of marginal cost.
b. in a competitive market.
c. engaging in mark-up pricing.
d. at a Nash equilibrium
Business
2 answers:
Sergio [31]3 years ago
8 0

Answer:

b. in a competitive market.

Explanation:

Rom4ik [11]3 years ago
4 0

Answer:

D) at a Nash equilibrium

Explanation:

A Nash Equilibrium is a concept that originates from game theory where both players have reached an optimal equilibrium (in this case both Thierry and Abdul maximize their profits), so no one will even try a different strategy.

If any of the players (Thierry and Abdul) changes their operating strategy, it might result in a loss for one or both of them, so no one will change it. Thierry will continue to produce 700 units in order to maximize his profit and Abdul will continue to produce 500 units to maximize his profit.

You might be interested in
Jesse would never have thought that his own trademarked children's toys would be flooding a parallel market and competing agains
VLD [36.1K]

Answer:

​Gray market conflict

Explanation:

What is the ​Gray market conflict?

Gray markets allow firms to segment their customer base more profitably than they could if they used only a narrow base of distributors or grappled with the channel conflict, customer confusion and brand dilution that comes from selling through a multichannel network of authorized dealers.

7 0
4 years ago
The National Park Service's efforts to attract, maintain, and enhance relationships with customers and visitors to the park is a
OverLord2011 [107]

The example that the National Park Service shows by <em>attracting, maintaining, and enhancing</em> relationships with customers and visitors is <em>D. relationship marketing.</em>

Relationship marketing offers goods and services to customers through sales and advertising that achieve long-term customer value. The relationship is built and maintained with existing customers <em>to attract new customers.</em>

Thus, the NPS's efforts enable it to build lifetime customer loyalty that ensures long-term value creation.

Learn more: brainly.com/question/14545494

6 0
3 years ago
The price of an item is usually high when the number of people wanting to buy it is​
podryga [215]

Answer:

High

Explanation:

When the number of customer willing to buy increases, the demand for that product also rise. According to the law of supply and demand, an increase in demand without a subsequent increase in supply results in an increase in the buying price.

An increase in the number of buyers increases competition for the few available goods. Sellers will take advantage of high demand and increase prices to make more profits. Therefore, when there more people willing to buy a product, its price tends to increase.

5 0
3 years ago
Which of the following acronyms identifies the Big Five personality dimensions
Burka [1]
The answer will be CANOE. Hope this helps:)
3 0
3 years ago
Imagine you are a journalist covering a scandal that may destroy a member of congress. you obtain your information from a source
castortr0y [4]
<span>The information you obtained from this source is considered to be On deep Bakcground.
Deep background refers to the information that could not be displayed in the writing but definitely enchance the journalist's view regarding the relevant information. Journalists use this in order to connect a certain clues or find a new lead for their investigation.</span>
6 0
3 years ago
Other questions:
  • Alanco, Inc. manufactures a variety of products and is currently manufacturing all of their own component parts. An outside supp
    7·1 answer
  • Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received
    15·1 answer
  • Ocean Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information repor
    13·1 answer
  • Alpha Company used the periodic inventory system for purchase &amp; sales of merchandise. Discount terms for both purchase &amp;
    13·2 answers
  • In the Keynesian-cross model, if taxes are reduced by 100, then planned expenditures ______ for any given level of income.
    12·1 answer
  • Carmel Corporation is considering the purchase of a machine costing $38,000 with a 4-year useful life and no salvage value. Carm
    11·1 answer
  • What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,9
    9·1 answer
  • If a product’s selling price is $110 per unit, the variable cost is $45 per unit and fixed costs are $3,000 per month, then the
    9·1 answer
  • What are some positive ways you can impact your Family Circle?
    12·1 answer
  • A law used to finance public services, such as waste treatment plants, parks, and schools, in newly developed areas, can result
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!