At the Point of Intersection of Two Best-Response Curves, Each

question 51

Multiple Choice

At the point of intersection of two best-response curves, each manager is

• A) unable to achieve a higher payoff through any unilateral change of strategy.
• B) doing its part to reach a Nash equilibrium.
• C) total industry profit is maximized.
• D) each firm is making the greatest possible individual profit.

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