Answer:
D. The Nash equilibrium is for Firm 1 and Firm 2 each to produce 10.
Explanation:
Firm 2
10 units 20 units
10 units 30 / 50 /
Firm 1 30 35
20 units 40 / 20 /
60 20
(firm 1 /
firm 2)
Firm 1's dominant strategy would be to sell 10 units with an expected payoff outcome = 30 + 50 = 80
Firm 2's dominant strategy would be to sell 10 units with an expected payoff outcome = 30 + 60 = 90
Since both firms have the same dominant strategy (to produce 10 units), there is a Nash Equilibrium where both firms produce 10 units and each one earns 30.
<span>In order for a financial portfolio manager to purchase stocks in a British-operated business, it would require various forms of licensing and permissions on behalf of the financial manager to be able to make oversea purchases. This would ultimately allow the individual to make such a transaction.</span>
Answer:
a in the long run, prices adjust, eliminating the relationship between inflation and unemployment
Explanation:
Philip's curve states that there is an inverse relationship between inflation and unemployment in the short run. However, in the long run, workers and consumers adapt to the new environment.
Personal liability. ...................
