Answer:
Game theory is a branch of the economy that studies the decisions in which for an individual to succeed he has to take into account the decisions made by the rest of the agents involved in the situation.
The Nash equilibrium or Cournot equilibrium or Cournot and Nash equilibrium or fear equilibrium is, in game theory, 1 2 a "solution concept" for games with two or more players, 3 which assumes that:
- Each player knows and has adopted their best strategy, and
- Everyone knows each other's strategies.
Dominant strategies are considered better than other strategies, no matter what other players do. In game theory, there are two types of strategic domain:
- a strictly dominant strategy is the strategy that always provides greater utility to one player, regardless of the strategy of the other player;
- a weakly dominant strategy is the strategy that provides at least the same utility for all other player's strategies, and strictly superior for some of their strategies.
Answer:
True
Explanation:
Since the manager works for multiple departments, Factory Overhead will be debited for these indirect labor costs.
Answer:
Niche competitive advantage
Explanation:
A niche competitive advantage is gained when a business targets a small segment of the market and effectively serves them.
Forming a niche market leads to less competition as the business is specialised in this field, there is clear focus as a small targeted customer base is to be satisfied, and results in specialised skills or market expertise.
Yuengling only sold in a ten-state area on the Eastern Seaboard for over 170 years, giving them a niche competitive advantage.
Personal crisis could be resolved by a nation if more jobs opportunity are created.
<h3>What is personal financial crisis?</h3>
A personal financial crisis comes when an individual does not have enough money to cater for his or her needs.
This could have happened dues to loss Job, theft, bankruptcy or a sudden medical illness.
Therefore, Personal crisis could be resolved by a nation if more jobs opportunity are created, empowerment programs and funding are made available for those who do not have.
Learn more on financial Crisis here,
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