-The Above Figure Shows the Reaction Functions for Two Pizza

question 30

Multiple Choice

-The above figure shows the reaction functions for two pizza shops in a small isolated town.Firm B producing 100 pizzas and firm A producing 50 pizzas is not a Cournot equilibrium because

• A) Cournot duopolists agree to share the market equally.
• B) firm B is not on its best-response function.
• C) firm A is not on its best-response function.
• D) neither firm is on its best-response function.

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Definitions:

Negative Attributions

A cognitive process where individuals attribute negative motives or characteristics to others' behavior, leading to potentially biased perceptions.

Constructive Action

An approach or behavior aimed at creating positive outcomes or proposing solutions, rather than merely criticizing or highlighting problems.

Self-fulfilling Prophecy

A belief or expectation that influences one's behavior in a way that causes the belief to become true.

Internal Factors

refer to elements within an organization such as its culture, policies, and employee morale, that can impact its operations and success.