An Equilibrium in Which Each Firm in an Oligopoly Maximizes

question 355

Multiple Choice

An equilibrium in which each firm in an oligopoly maximizes profit, given the actions of its rivals, is called

• A)a general equilibrium.
• B)a dominant equilibrium.
• C)a Nash equilibrium.
• D)an oligopoly equilibrium.

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Definitions:

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Hawthorne Experiment

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Weber's Model

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