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Which of the following describes a Nash equilibrium?

 a. A firm chooses its dominant strategy, if one exists. 

 b. Every competing firm in an industry chooses a strategy that is optimal given the choices of every other firm. 

 c. Market price results in neither a surplus nor a shortage. 

 d. All firms in an industry are earning zero economic profits. 

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Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/07/19
Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

  1. The correct answer was: b. Every competing firm in an industry chooses a strategy that is optimal given the choices of every other firm.

Sashikanta Mohapatra
by Sashikanta Mohapatra , Manager - Business Development/Sales Process Deployment , Vodafone Spacetel Limited

The right option is the2nd option...Option B.

Georges Aref Chaoul
by Georges Aref Chaoul , Business Unit Director - Consumer Services , Kaizen Asset Management Services

(B)                                  Thank You.

Muhammad Hamid Munir PMP
by Muhammad Hamid Munir PMP , Program Manager , Ericsson AB

Option B is my answer for this question

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

Agree with Mr emad...................

Khaled Anwar
by Khaled Anwar , Senior Sales Engineer , "Automotive company''

 

The answer is : Option ( B ) 

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

Option " B" Is My Answer  .....

 

Salvatore Augello
by Salvatore Augello , owner , A.S. Trade & Consult

that's B _____________________________________

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