To find and explain the nash equilibria of a widespread, Ask an Expert

Economics

Q1. "For you and your neighbor to specialize and trade, it must be that the price at which you or your neighbor sells the product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries." why is the price of apples = p cherries? Isn't p = price??

Q2. To find and explain the Nash equilibria of a widespread form game can I use the equivalent normal form game to do that?

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Business Economics, Economics

Category:- Business Economics
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