A situation in which oligopolists interacting with one another each c – McqOptions

MCQOPTIONS

1.	A situation in which oligopolists interacting with one another each choose their best strategy given the strategies that all the other oligopolists have chosen is known as a ?
A.	Nash equilibrium
B.	dominant strategy
C.	cartel
D.	collusion solution
Answer» B. dominant strategy

Discussion

No Comment Found

Related MCQs

<p> Suppose an oligopolist individually maximizes its profits. When calculating profits, if the output effect exceeds the price effect on the marginal unit of production, then the oligopolist ?</p>
<p> In Game Theory ?</p>
<p> When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is ?</p>
<p> Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero-marginal cost of study production. If ABC publishing charges separate price for both products its best strategy is to charge price that when combined, total ?</p>
<p> A model of Game theory of oligopoly is known as the ?</p>
<p> Many economics argue that resale price maintenance ?</p>
<p> As the number of sellers in an oligopoly increases ?</p>
<p> As the number of sellers in an oligopoly grows larger, an oligopolistic market looks more like ?</p>
<p> Laws that make it illegal for firms to conspire to raise prices or reduce production are known as ?</p>
<p> In a cartel member firms may be given a fixed amount to produce. This is called a ?</p>