chelseydesiree9627 chelseydesiree9627
  • 02-12-2017
  • Business
contestada

Neither lorenzo nor neha has an incentive to further increase output, nor does either have an incentive to decrease output. this outcome is an example of

Respuesta :

meerkat18
meerkat18 meerkat18
  • 13-12-2017

The fact that both Lorenzo and Neha have no incentive to further increase output or to decrease it is an example of NASH EQUILIBRIUM. The Nash Equilibrium is a solution concept of game theory where in the optimal outcome of a game, none of the players has an incentive to diverge from his chosen strategy having considered an opponent's choice.

Answer Link

Otras preguntas

8 soccer players share 12 oranges
On a map, the distance between two towns is 2.5 inches, and 1 inch represents 6 miles. What is the actual distance between the towns? Enter your answer in the b
two people the same age will have a maximum heart rate that is a)different b)the same c)close in value
in which area of a volcanic site is the most iron ore likely to be found
expand 3a(2a + 5b) please
What is the diameter and radius of a circle with a circumference of 28π m? d = 28 m r = 14 m d = 14 m r = 28 m d = 14 m r = 7 m d = 7 m r = 14 m
I really don't understand how to do properties
d dollars for 18.4 quarts 24 dollars for 6 quarts
Deer are mammals, and therefore have systems that are basically the same as other mammals. Which describes how gas exchange takes place? A. Oxygen is absorbed
Choose the TRUE statement about the Grand Canyon