In Nash equilibrium each player chooses the best strategy ?

Related Mcqs:

A decrease (leftward shift) in the supply for a good will tend to cause ?

A. an increase in the equilibrium price and quantity B. a decrease in the equilibrium price and an increase in the equilibrium quantity C. none of these answers D. a decrease in the equilibrium price and quantity. E. an increase in the equilibrium price and a decrease in the equilibrium quantity...

Nationalisation occurs when ?

A. The government sells assets to a the private sector B. The government bans a product C. The government takes control of an industry D. The government taxes a product to a raise its price...

An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?

A. worse off; worse off B. better off; better off C. better off; worse off D. equal, unequal...

The law of supply states that an increase in the price of a good ?

A. none of these answers B. increases the quantity supplied of that good C. increase the supply of that good D. decrease the demand for the good E. decrease the quantity demanded for that good...

Income inequality can be high in the free market and should be reduced This is an example of What ?

A. Judicial economic statement B. Positive economic statement C. Formative economic statement D. Normative economic statement...