dse 2012

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Re: dse 2012

Granpa Simpson
23) 6 rs will be the answer because at that price the market will clear. at price 3 firm 2 would produce as p<MC, so there will be 22 units as A has a constraint of producing 5 units. Use the same logic for each option and you will get Rs.6 as the only solution where the market is cleared.
 "I don't ride side-saddle. I'm as straight as a submarine"
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Re: dse 2012

Granpa Simpson
Also u can check that (6,6) is the only Nash Equilibrium..!!!
 "I don't ride side-saddle. I'm as straight as a submarine"
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