Explain the meaning of a Nash equilibrium when firms are competing with respect to price. Why is the equilibrium stable? Why don't the firms raise their prices to the level that maximizes joint profits?
A.diaphysis
B.epiphysis
C.growth plate
A.repatterning of existing cells without a requirement for new growth, as occurs in Hydra
B.repatterning of existing cells without a requirement for new growth, as occurs in newts
C.the reinitiation of division in existing cells and new growth, followed by patterning, as occurs in newts
D.the reinitiation of division in existing cells and new growth, followed by patterning, as occurs in Hydra
A.packet loss occurs on local equipment from service side to pseudo wire side
B.packet loss occurs to pseudo wire side from remote equipment to local equipment
C.AIS alarm occurs to 2M service side of remote equipment
D.AIS alarm occurs to 2M service side of local equipment
A.Separation
B.Distance.
C.Length
D.Gap
A.the total purchase of good A gives the same satisfaction as the total purchase of good
B.the last unit of good A purchased gives the same addition to satisfaction as the last unit of good b purchase
C.each penny spent on good A gives the same satisfaction as each penny spent on good
D.the last penny spent on good A gives the same addition to satisfaction as the last penny spent on good
E.the last pennies spent on goods A and B generate no additions to satisfaction.
A.fails
B.fail
C.failed
D.failing
a.在没有对外贸易时,美国和欧洲汽车市场上均衡的厂商数量是多少?
b.在没有对外贸易时,美国和欧洲汽车市场上均衡的价格是多少?
c.现在假设美欧之间进行自由贸易,美国市场上除了原有的3亿人口外,将增加5.33亿人口。在美国和欧洲汽车市场上将有多少汽车厂商?汽车新的均衡价格是多少?
d.美国市场上汽车的价格在b和c中为何不同?自由贸易改善了消费者的福利吗?是怎样改善的?
Suppose that fixed costs for a firm in the automobile industry (start- up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. Because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifically, where n represents the number of firms in a market. Assume that the initial size of the U.S. and the European automobile markets are 300 million and 533 million people, respectively.
a.Calculate the equilibrium number of firms in the U.S. and European automobile markets without trade.
b.What is the equilibrium price of automobiles in the United States and Europe if the automobile industry is closed to foreign trade?
c.Now suppose that the United States decides on free trade in automobiles with Europe. The trade agreement with the Europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the United States. How many automobile firms will there be in the United States and in Europe combined? What will be the new equilibrium price of automobiles?
d.Why are prices in the United States different in (c) than in (b) ? Are consumers better off with free trade? In what ways?
A.the flow of people to sunbelt area
B.the flow of people from small cities to big cities
C.the growth of small towns
D.the outflow of city residents from the core cities to the suburbs