A dominant strategy is ?

Related Mcqs:

If the price of good is equal to the equilibrium price ?

A. there is a shortage and the price will fall B. the quantity demanded is equal to the quantity supplied supplied and the price remains unchanged C. there is surplus and the price will rise D. there is a shortage and the price will rise E. there is a surplus and the price will fall...

A natural monopoly has a declining _______ over a large range of output?

A. long run marginal cost B. short run marginal cost C. long run average cost D. long run marginal cost...

The effect of a tax to offset a negative externality will be to ____ price and ______ quantity?

A. reduce , reduce B. increase, increase C. increase, reduce D. reduce, increase...

A positive externality occurs when ?

A. The social marginal costs are higher than the private marginals costs B. A product is not provided in the free market C. The social marginal cost equal the social marginal benefit D. The social marginal benefits are higher than the private marginal benefits...

When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?

A. behave like competitive firms B. agree to act together C. differentiate their products D. practice price discrimination...