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jenyasd209 [6]
2 years ago
7

Which of these situations produces the largest profits for oligopolists? a. The firms reach a Nash equilibrium. b. The firms rea

ch the competitive outcome. c. The firms reach the monopoly outcome. d. The firms produce a quantity of output that lies between the competitive outcome and the monopoly outcome.
Business
1 answer:
liraira [26]2 years ago
4 0

Answer:

c. The firms reach the monopoly outcome.

Explanation:

The oligopoly is a market structure with a small number of competitors that have all of most if not all of the sales in an industry.  According to Nash theory, the equilibrium is reached when each competitor is doing the best it can given what its competitors are doing and have no incentive to deviate (acting all together as a monopoly).

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igomit [66]

Answer:

In this scenario, <u>LISA</u> has both an absolute advantage in food preparation, and <u>LISA</u> has a comparative advantage in food preparation.

Assume that initially, Sam and Lisa are splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by <u>1</u>.

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The study of the interaction between individuals and businesses is known as.
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The study of the interaction between individuals and businesses is known as microeconomics.

<h3>What is microeconomics?</h3>

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Learn more about the microeconomics here:-

brainly.com/question/13120341

#SPJ1

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