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:

• A. A-I, B-III, C-II, D-IV
• B. A-I, B-II, C-III, D-IV
• C. A-III, B-IV, C-I, D-II
• D. A-II, B-I, C-III, D-IV

Answer 1

The Correct Option is C

The correct option is(C): A-III, B-IV, C-I, D-II