Question:
Match List-I and List-II
LIST I LIST II A. Cournot Equilibrium I. Joint Profit Maximisation B. Nash Equilibrium II. Largest firm sets price to maximise
profits C. Cournot Collusive
Equilibrium III. Equilibrium in which each firm
correctly assumes how much its
competitor will produce and sets its
own production level D. Dominant firm
model IV. Set of strategies or actions in which
each firm does its best given its
competitor's actions.
Choose the correct answer from the options given below:
Match List-I and List-II
Choose the correct answer from the options given below:
| LIST I | LIST II | ||
| A. | Cournot Equilibrium | I. | Joint Profit Maximisation |
| B. | Nash Equilibrium | II. | Largest firm sets price to maximise profits |
| C. | Cournot Collusive Equilibrium | III. | Equilibrium in which each firm correctly assumes how much its competitor will produce and sets its own production level |
| D. | Dominant firm model | IV. | Set of strategies or actions in which each firm does its best given its competitor's actions. |
Choose the correct answer from the options given below:
Updated On: Mar 12, 2024
- A-I, B-III, C-II, D-IV
- A-I, B-II, C-III, D-IV
- A-III, B-IV, C-I, D-II
- A-II, B-I, C-III, D-IV
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The Correct Option is C
Solution and Explanation
The correct option is(C): A-III, B-IV, C-I, D-II
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