The Following Table Shows Two Firms in a Single-Stage Duopoly

question 63

Multiple Choice

The following table shows two firms in a single-stage duopoly game.Each firm makes its decision without knowledge of the other firm's decision.The payoffs for each firm represent economic profits,and each firm strictly prefers more economic profit than less.Assume the firms are not able to collude.The Nash equilibrium total quantity of potatoes on the market is

• A) 12,000.
• B) 4,000.
• C) 10,000.
• D) 14,000.
• E) 24,000.

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Definitions:

Accumulated Depreciation

A cumulative total of all depreciation expenses charged on an asset over its life up to a specific date.

Accumulated Depreciation

The cumulative amount of depreciation for an asset up to a single point in its life.

Double-declining-balance

An accelerated depreciation method that doubles the rate at which an asset's book value decreases, reflecting its quicker loss of value.

Second Year

Refers to the second year in a multi-year analysis, project, or financial statement reporting period.