ruth2903 ruth2903
  • 27-06-2022
  • Business
contestada

A situation in which each firm chooses the best strategy given the strategies chosen by other firms is called a.

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lavishachadha05
lavishachadha05 lavishachadha05
  • 30-06-2022

Answer:

A Nash equilibrium results when every firm in an industry chooses a strategy that is optimal given the strategies chosen by its competitors.

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