Question
Economics Question on Economics and economic theories
Match List-I and List-II
| LIST I | LIST II |
|---|---|
| A. | Cournot Equilibrium |
| B. | Nash Equilibrium |
| profits | |
| C. | Cournot Collusive |
| Equilibrium | III. |
| correctly assumes how much its | |
| competitor will produce and sets its | |
| own production level | |
| D. | Dominant firm |
| model | IV. |
| 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
A-III, B-IV, C-I, D-II
Explanation
Solution
The correct option is(C): A-III, B-IV, C-I, D-II