Multiple Choice
Firm A and Firm B are duopolists.They are choosing the price at which they will sell their products and the quantity they will sell.Both firms make their decisions simultaneously.The ________ equilibrium in this situation occurs when Firm B chooses a pricing strategy given the strategy that Firm A chooses,and Firm A chooses a pricing strategy given the strategy that Firm B chooses.
A) antitrust
B) Nash
C) Von Neumman
D) Morgenstern
E) cartel
Correct Answer:
Verified
Correct Answer:
Verified
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