An equilibrium occurs in a game when ( ) A. price equals marginal cost. B. quantity supplied equals quantity demanded. C. all independent strategies counterbalance all D. ominant strategies. E. all players follow a strategy that they have no incentive to change. ...
aof me and u 我和u[translate] aEquilibrium in this market occurs at the intersection of curves S and D. 平衡在这个市场上发生在曲线S和D.的交叉点。[translate]
As mentioned earlier, equilibrium occurs when the total number of items available—the supply—can be consumed by potential customers. If a price is too high, customers may avoid the goods or services or find other alternatives. This would result in excess supply and possibly cause producers to ...
In our model, arbitrage activity is beneficial to all investors, because arbitrageurs supply liquidity to the market. We show, however, that arbitrageurs can fail to take a socially optimal level of risk. When, in equilibrium, arbitrageurs are heavily invested in the arbitrage opportunity, a reduc...
内容提示: 14 Government Intervention in the Market Chapter Summary The government plays a significant role in any economy. Although competitive private markets provide the best mechanism for allocating society’s resources, there are occasions when government’s need to intervene in these markets. For...
Economic equilibrium is a theoretical construct because the market never reaches equilibrium. Investopedia / Sydney Saporito Understanding Economic Equilibrium As noted above, economic equilibrium occurs when there's a balance in economic forces. This means that when economic equilibrium exists, all economi...
market is a set of con- tracts such that, when customers choose contracts to maximize ex- pected utility, (i) no contract in the equilibrium set makes negative expected profits; and (ii) there is no contract outside the equilibrium set that, if offered, will make a nonnegative profit. ...
Answer to: ___ occurs in a perfectly competitive market when firms are making economic profit. By signing up, you'll get thousands of...
Chapter 16 Price Levels and the Exchange Rate in the Long Run Chapter 16 ToaccompanyInternationalEconomics,3ebySawyer/SprinklePowerPointslidescreatedbyJeffHeyl Copyright©2009PearsonEducation,Inc.PublishingasPrenticeHall IntroductionTheLawofOnePricePurchasingPowerParityTheRealExchangeRate...
Equilibrium in the labor market A. cannot occur if the production function is shifting upward. B. can happen only when actual GDP exceeds potential GDP. C. means that resources are allocated inefficiently D. occurs when actual GDP is equal to potential GDP ...