Consider the same market for nonalcoholic beer as in the previous question. How many units will Boors produce in the Nash equilibrium?
A)1,333
B)2,333
C)3,333
D)4,333

Question

Quizplus · Accepted Answer

The Nash equilibrium is where each firm produces 1,333 units. This is because each firm's profit is maximized when it produces this amount, given the output of the other firm.

Consider the Same Market for Nonalcoholic Beer as in the Previous