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).
Answer:
Disposable Income
Explanation:
dis·pos·a·ble in·come
/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/
Learn to pronounce
noun
income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
"the rents of tenants in work reached 21 percent of disposable income"
The auditor should only perform tests of control when the
procedure of which are substantive alone are not enough to provide sufficient evidence
in which should be at the relevant assertion level and by that, the auditor
should perform test on the controls.
Answer: d) both B and C
Explanation: Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there is no incentive to deviate from their initial strategy.
Because if Sarah hit Tom, they will both experience a loss of 10 points
Also, not telling gets Tom a loss of 5 but Sarah will gain 5.
This will keep both of them in a nash equilibrium.
Answer:
The correct answer is option c.
Explanation:
Corporate social responsibility is a modern concept regarding a companies' sense of responsibility towards the community and the ecological environment.
It means that the businesses have the responsibility to act for the benefit of the society and the environment along with profit maximization.
It is also termed as sustainable business, corporate citizenship etc.
