A nash equilibrium is said to occur whena a firmrsquos, Ask an Expert

Economics

A Nash equilibrium is said to occur when,

a. a firm’s decision is its best response given what its competition is doing

b. a competing firm changes its strategy to make more profits while its competitors keep their strategies unchanged.

c. only one firm has an incentive to unilaterally deviate from its pricing option.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91365721

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