I believe the answer would be the mechanical solution.
Answer:
C
Explanation:
debits Difference Between Implied and Book Value
Answer:
b. both firms will reduce their price.
Explanation:
The Nash equilibrium is a decision-making theorem that lies inside the game theory where the player could attain the expected result by not deviating to the beginning strategy. In this, the strategy of the each player is optimal at the time when the other player decisions are relevant
So as per the given situation, both the firm should decrease their price
hence the option b is correct
Answer:
True
Explanation:
If there is an increase in supply that reduces market price. Consumer surplus increases because both of the following reasons
(1) consumer surplus received by existing buyers increases and
(2) new buyers enter the market.
a. TRUE
