Firm's operating breakeven point in dollars is approximately $666,700.
To calculate the operating breakeven point in dollars, we need to determine the sales level at which the firm's total costs (fixed costs + variable costs) equal the total sales.
Operating breakeven point (in dollars) = Fixed costs / Contribution margin
First, we need to calculate the contribution margin, which is the difference between total sales and total variable costs.
Contribution margin = Total sales - Total variable costs
Contribution margin = $1,500,000 - $1,275,000
Contribution margin = $225,000
Now we can calculate the operating breakeven point:
Operating breakeven point (in dollars) = $150,000 / $225,000
Operating breakeven point (in dollars) = 0.6667
Therefore, the firm's operating breakeven point in dollars is approximately $666,700.
To know more about Breakeven, visit
brainly.com/question/21137380
#SPJ11
Glen has taken his team through the marketing research process for their company and crunched the data to find the correlations of customer and product relationships. He is now ready to present his findings to management? After his analysis, what next step will the management team take?
After the analysis, the next step to be taken by Glen would be to work on the discovered research and take actions for enhance growth.
A research wing in any organization plays a crucial role as it helps to rediscover new ideas and correlations and also the analysis of data on several fronts can help in engaging greater results as output. The data can be presented in the form of presentations with real time analysis. This quantitative research can help in identification of bigger roles which the marketing team can play in increasing their profits. Market research is a systematic process of collecting, analyzing and interpreting information on the real time scale.
Learn more about market research at:
brainly.com/question/24906199
#SPJ4
Harry, harriet, and horance operate the triple h used car lot as a general partnership. pursuant to their agreement, each drives a triple h vehicle to and from work, makes various business trips about the city either from home or the lot, and keeps a "for sale" sign displayed in the vehicle’s windshield. each car is for sale at all times of the day and night and at any location. one afternoon, harriet was driving on a business trip when her car collided with one driven by paine, who was seriously injured. harriet’s conduct was found to be criminally negligent. in a tort action by paine against harry, harriet, and horance, both as individuals and as the triple h partnership, who is liable?
In this situation, all three partners, Harry, Harriet, and Horance, as well as the Triple H partnership, would be liable for the damages caused by Harriet's criminally negligent conduct.
1. In a general partnership, all partners are jointly and severally liable for the actions of the other partners that occur within the scope of the partnership's business.
2. Harriet's actions were within the scope of the partnership's business since she was driving a Triple H vehicle for a business trip and displaying the "for sale" sign in the windshield, as agreed by the partnership.
3. Even though Harriet's conduct was found to be criminally negligent, the liability extends to all partners and the partnership because the actions took place within the scope of the business.
Therefore, Paine can bring a tort action against Harry, Harriet, and Horance as individuals, and against the Triple H partnership, for the injuries caused by Harriet's negligence.
To know more about partnership refer here :
https://brainly.com/question/31141069#
#SPJ11
how does knowing you’re in charge of your money change your perspective of your financial future?
Knowing how you approach money will make it easier for you to make deliberate choices that move you in the right path.
What does money really mean?a tool for exchange that allows people to buy and exchange from one another. Consider what would differ if we did not have money. This is possibly the simplest approach to think about just the function of money.
How does the economy and money interact?Employees want greater wages to reflect growing demand, which leads to an increase in both salaries and prices as the economy's capacity is under increasing strain. In the long haul, only real forces affect output, and an increase in the monetary base is translated in a price level that is higher.
To learn more about money visit:
https://brainly.com/question/14253896
#SPJ4
MOTIVATION TIME
Success doesn’t just find you. You have to go out and get it.
Answer:
thnak u that made my day
Explanation:
you are trying to price two bonds that have the same maturity and par value but different coupon rates and different required rates of return. both bonds mature in 3 years and have par values of $1000. one bond has a coupon rate of 7% and a required rate of return of 7%. the other bond has a coupon rate of 5% and a required rate of return of 5%. what is the absolute value of the difference between the price of these two bonds?
As the coupon rate and required rate of return are the same on both bonds, the bonds will be issued at the par value of $1,000. Therefore, the absolute value of the difference between the price of the two bonds will be $0 (1,000 - 1,000).
In marketing, a chit is a price tag or file that can be redeemed for an economic discount or rebate when buying a product. Customarily, coupons are issued by way of manufacturers of client packaged goods by means of stores, for use in retail shops as part of income promotions. They are regularly extensively distributed through mail, coupon envelopes, magazines, newspapers, the net (social media, electronic mail newsletter), directly from the store, and mobile devices together with mobile phones. The big apple instances said that "more than 900 producers' coupons had been disbursed" in line with family, and that "America Department of Agriculture estimates that 4 households in five use coupons.
Learn more about coupon here
https://brainly.com/question/24279416
#SPJ4
A sailboat costs $26,369. You pay 10% down and amortize the rest with equal monthly payments over a 13-year period. If you must pay 8.4% compounded monthly, what is your monthly payment? How much interest will you pay ?
To find the monthly payment and the total interest paid, we can use the loan amortization formula.
Loan amount = $26,369 - (10% * $26,369) = $26,369 - $2,636.90 = $23,732.10 (amount to be amortized)
Number of periods = 13 years * 12 months/year = 156 months
Monthly interest rate = 8.4% / 12 = 0.7%
Monthly payment = Loan amount * (Monthly interest rate / (1 - (1 + Monthly interest rate)^(-Number of periods)))
Plugging in the values:
Monthly payment = $23,732.10 * (0.7% / (1 - (1 + 0.7%)^(-156)))
Evaluating this equation, we find that the monthly payment is approximately $244.53.
To calculate the total interest paid, we can subtract the loan amount from the total of all monthly payments:
Total interest paid = (Monthly payment * Number of periods) - Loan amount
Total interest paid = ($244.53 * 156) - $23,732.10
Evaluating this equation, we find that the total interest paid is approximately $11,769.70.
Therefore:
Monthly payment = $244.53
Total interest paid = $11,769.70
Please note that these calculations assume consistent and timely payments throughout the entire loan period.
To know more about loan visit-
brainly.com/question/31198163
#SPJ11
If the distribution of water is a natural monopoly, then (i) multiple firms would likely each have to pay large fixed costs to develop their own network of pipes. (ii) allowing for competition among different firms in the water-distribution industry is efficient. (iii) a single firm can serve the market at the lowest possible average total cost. Group of answer choices
Answer:
The question is incomplete, the options are missing. The options are the following:
A) (i) and (iii) only.
B) (ii) and (iii) only.
C) (i) and (ii) only.
D) (iii) only.
And the correct answer is the option D: (iii) only.
Explanation:
To begin with, the concept known as "Natural Monopoly" is understood to be the structure of market in where the organization that is considered to be a natural monopoly is the only seller in the market it is because the company has huge economies of scale and due to that reason it will naturally gain the whole market and the other companies will not be able to compete and will exit the market. So therefore that when there is a natural monopoly a single firm can serve the market at the lowest possible average total cost.
Jackson is working late at night on a project that is due the next day. he is not sure how to print his word document, and it is too late to call or text his teacher. what what is the best option for Jackson?
Decided not to print the document
Provide negative feedback to office online
Type a question in the "tell me what to do" box
View accessibility options
Answer:
Type a question in the “Tell me what you want to do” box.
Explanation:
Did the test myself and got it right.
Answer:
click the tell me what to do box
Explanation:
DECA is a CTSO for:
A. Blue-collar Workers
B. Maintenance Workers
C. Fashion Students
D. Marketing Students
Please read the following article; The tale of a distressed American town on the doorstep of a natural paradise and put forth your argument related to the decline in tourism for some of the small towns close to national parks. Discuss what could be done to increase tourism not only to those national parks but revitalize some of the small towns that have fallen behind in economic progress.
To increase tourism and revitalize small towns near national parks, a combination of infrastructure development, marketing campaigns, and community involvement is necessary.
Tourism plays a crucial role in the economic growth of small towns near national parks. However, many of these towns have experienced a decline in tourism due to various factors. To address this issue and boost tourism, a multifaceted approach is required.
Firstly, infrastructure development is essential. Improving transportation networks, such as roads and public transportation, can make these towns more accessible to visitors. Upgrading and expanding accommodations, including hotels, campgrounds, and vacation rentals, would also provide tourists with more options and encourage longer stays. Additionally, investing in visitor facilities like visitor centers, picnic areas, and hiking trails can enhance the overall experience for tourists.
Secondly, effective marketing campaigns are vital to attract visitors. Collaborating with national park authorities, local businesses, and tourism boards can help promote the unique attractions of these small towns. Utilizing various marketing channels, including social media, travel websites, and print media, can reach a broader audience and create awareness about the hidden gems near the national parks. Showcasing the natural beauty, cultural heritage, and recreational activities available in these towns will entice travelers to visit and explore.
Lastly, community involvement is crucial for revitalization. Engaging local residents in the tourism industry can create a sense of pride and ownership, fostering a welcoming atmosphere for visitors. Encouraging the development of local businesses, such as restaurants, cafes, boutiques, and art galleries, can diversify the economy and provide unique experiences for tourists. Collaborating with community organizations and offering training programs for residents interested in the tourism sector can also strengthen the local workforce and ensure sustainable growth.By implementing these measures, small towns near national parks can increase tourism, generate economic progress, and create a thriving environment for both residents and visitors.
Learn more aboutRevitalization
brainly.com/question/28492800
#SPJ11
Suppose that real interest rates in the u. S. Rise relative to real interest rates in other countries. This increase would make foreigners.
The net capital outflow from the United States would decrease as a result of the increase in foreigners' willingness to buy American bonds.
What is the net outflow of capital?The net flow of money a country invests abroad over a specific time period is known as a net capital outflow (NCO) (usually a year). An increased amount of foreign investment relative to domestic investment is indicated by a positive NCO.
NCO is one of two main metrics used to describe how a nation interacts with the rest of the world on a financial and economic level (the other being the balance of trade). The loanable funds market and the global foreign exchange market are both connected to NCO.
Learn more about net capital outflow with the help of the given link:
brainly.com/question/13004917
#SPJ4
A contract is said to be executed when all parties have completed their performances. A. Trueb. False
It's true. A contract is deemed concluded when all parties have rendered their services.
An agreement between two or more parties that they both agree upon that outlines specific legally enforceable rights and obligations is known as a contract. The transfer of commodities, services, money, or promises to transfer at a later time are common components of contracts. Victims of contract violations are entitled to legal remedies, such as withdrawal and damages.
A treaty is a legally binding agreement between parties in international law. The foundation of contract law, the area of law of obligations that deals with contracts, is the idea that contracts must be upheld. Like other areas of private law, contract law varies from jurisdiction to jurisdiction.
In general, contract law is practiced and administered in either a common law jurisdiction, a civil law jurisdiction, or a mixed jurisdiction that combines common law and civil law elements. Common law jurisdictions usually require consideration to be included for a contract to be valid, whereas civil and most mixed jurisdictions only require a disagreement between the parties.
Know more about contract here:
https://brainly.com/question/2669219
#SPJ4
True or false: Managerial accounting provides information to internal managerial and executive employees who are in charge of a company's business activities.
There are a lot of aspect to accounting. Managerial accounting provides information to internal managers who make decisions about a company's business activities is a true statement.
What is managerial accounting information known for?Managerial accounting is known to be a decision in accounting that is often made in short and long term basis.
These decision do entails the financial health of a company. Managerial accounting is known to enable managers make the right operational decisions.
Conclusively, it is made to help boast the firm's operational efficiency when it comes to making long-term investment decisions.
Learn more about Managerial accounting from
https://brainly.com/question/4952511
In which situation would a savings account be the be investment to earn interest
name the liability under which the private assets minus the private liabilities of a partner are liable to pay the liabilities of the firm
Answer:
Limited Liability
Explanation:
One of the disadvantages of forming a Partnership is the issue of Limited Liability.
Limited Liability means that Partners are liable for the debts of the company to the extent of their investment in a partnership arrangement.
As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the
most demand
highest costs
most profits
Answer: most profits
Explanation:
Laura's total utility from consuming 9, 10, and 11 bonbons is 60,75 , and 85 , respectively. Her marginal utility from the itth bonbon is
The marginal utility from the 10th bonbon is 10.
To determine Laura's marginal utility from the "itth" bonbon, we need to calculate the change in total utility resulting from consuming an additional bonbon.
Given the information provided, we know that Laura's total utility from consuming 9 bonbons is 60, and her total utility from consuming 10 bonbons is 75. Therefore, the change in total utility resulting from consuming the 10th bonbon is 75 - 60 = 15.
Similarly, we know that Laura's total utility from consuming 10 bonbons is 75, and her total utility from consuming 11 bonbons is 85. Therefore, the change in total utility resulting from consuming the 11th bonbon is 85 - 75 = 10.
The marginal utility from the "itth" bonbon is the change in total utility resulting from consuming the (itth + 1) bonbon. In this case, since we are considering the 10th bonbon, the marginal utility would be the change in total utility resulting from consuming the 11th bonbon, which is 10.
Therefore, Laura's marginal utility from the 10th bonbon is 10.
Learn more about marginal utility
https://brainly.com/question/15050855
#SPJ11
2. Which of the following statements about taxes
is true?
a. Only the federal government has the right
to tax a person's income.
b. Any taxes collected by the government
are returned to the person when she files
her income tax return.
C. Taxes are the major source of revenue for
the government.
d. Taxes can only be taken out of a person's
income when she has a full-time job.
Answer:
C. Taxes are the major source of revenue for
the government.
Explanation:
The government imposes taxes on incomes, goods and services sold, imports, and other items to raise money to finance its operations. Therefore, taxes are a source of revenue for the government.
The government also engages in other revenue-generating activities such as trade through state-owned corporations. As a composition of total revenue collected, taxes are the biggest contributor to government revenues.
Which of the following correctly expresses the avenue through which expansionary monetary policy affects output in the standard model?...
Expansionary monetary policy leads to lower interest rates, which raises investment and leads to higher output.
Expansionary monetary policy affects output in the standard model by lowering interest rates, which in turn raises investment and leads to higher output.
Expansionary monetary policy refers to the actions taken by a central bank, such as decreasing interest rates or increasing the money supply, to stimulate economic growth and increase aggregate demand. In the standard model, when the central bank implements expansionary monetary policy, it aims to lower interest rates.
Lowering interest rates has a direct impact on investment. When interest rates are lower, it becomes cheaper for businesses and individuals to borrow money for investment purposes. As a result, investment spending increases, leading to an expansion of productive capacity and output in the economy.
The reduction in interest rates also encourages consumer spending. Lower borrowing costs make it more affordable for individuals to finance purchases such as homes, cars, and other goods. This increase in consumer spending further boosts overall demand and contributes to higher output levels.
To summarize, expansionary monetary policy's avenue to affecting output in the standard model involves lowering interest rates. This action stimulates investment and consumer spending, ultimately leading to increased output and economic growth.
Learn more about Expansionary monetary policy
brainly.com/question/27507895
#SPJ11
Compare capitalism,socialism, and communism as to (a) how each allocated scarce resources among alternative wants and (b) the existence of private property.
Answer:
In a purely capitalistic economy, resources are allocated based on the interests of both suppliers and consumers. The allocation of resources should be more efficient since the ultimate goal of businesses is to make a profit by satisfying consumers' preferences. Private property is one of the fundamental pillars of capitalism.
In a socialist economy, an elected government is responsible for allocating resources that should best satisfy the needs of the people that they rule over. Socialistic theories are supposed to be a superior state of capitalism, where everybody should share and enjoy resources but based on their individual contributions. I.e. if you work harder, you should be able to enjoy more resources. Socialist theories recognize individual private property but productive capacity is a common good. E.g. the world in Start Trek is a socialist world.
Communism shares several similarities with socialism, but it differs in some of its basic principles. Communism does not recognize elected governments, e.g. China, North Korea, etc., or have pseudo democracies like the former Soviet Union (currently Russia) and Cuba. Resources are shared by everyone but based on individual needs, not individual contributions. E.g. a person that doesn't work at all could need more things than others that work, and therefore, should receive more resources. Everything is owned and distributed by the government, so theoretically private property doesn't exist. Communism abolishes religion and social classes, while socialism allows religion and still recognizes different social classes.
In real life, there is no purely capitalistic or purely socialist country in the world. Some developed economies lean towards socialism (most European nations and Canada) while others lean more towards capitalism (the US). Communism used to exist in the world, e.g. former Soviet Union, China, Cuba, etc., but even those countries currently recognize private property, although the governments still play a significant role in the economy and resource allocation. But they cannot be considered democracies either.
3. Self-driving cars making millions of calculations on every trip to determine when and where to turn, to slow down or accelerate, brake, change lanes, stop or go, are an example of: a. predictive analytics b. optimization methods c. prescriptive analytics d. forecasting methods
Self-driving cars making millions of calculations on every trip to determine when and where to turn, to slow down or accelerate, brake, change lanes, stop or go, are an example of optimization methods.
Optimization methods can be applied to a wide range of scenarios and problems, including self-driving cars. Self-driving cars make use of a variety of technologies, including sensors, artificial intelligence, and machine learning algorithms, to make decisions on the road and optimize their driving behaviors.
These vehicles collect data on their surroundings, traffic patterns, weather conditions, and other factors to optimize their routes, avoid obstacles, and ensure safe driving practices. Self-driving cars are constantly collecting and processing data to optimize their driving performance, and the algorithms they use to do so are highly sophisticated.
These algorithms are designed to make millions of calculations on every trip to determine when and where to turn, to slow down or accelerate, brake, change lanes, stop or go, all in an effort to optimize the car's performance and ensure safe driving practices.
Predictive analytics and forecasting methods may also be used in self-driving cars, but these technologies are not as critical to the vehicle's operation as optimization methods. Prescriptive analytics, on the other hand, involves making recommendations or decisions based on data analysis, and may be used in some applications of self-driving cars, such as optimizing routes to reduce fuel consumption or to minimize the risk of accidents.
To know more about down visit:
https://brainly.com/question/29088494
#SPJ11
Explain five steps in product design for a business
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
One number that represents a group of numbers is called a/an
Answer:
Average.
Explanation:
One number that represents a group of numbers is called an average. The most commonly used average in the real world for the calculation of different parameters such as gross pay, average pay, price, quantity etc, is the simple average.
In order to calculate an average, the total number of items are added together and then divided by the number of items.
For example, find the average of the salaries of five (5) employees who earn $10, $5, $50, $20 and $15 respectively.
Given, number of employees = 5
Total sum of money earned = 10+5+50+20+15 = 100
Average = Total sum of money/number of employees
Substituting the values, we have;
Average = 100/5
Average = 20.
Hence, the average pay of the five (5) employees is $20. This $20 represents a group of salaries earned by the five employees.
pro-forma cash flow per share for amazon inc. is expected to be: review later A. $14.44
B. $134.75
C. $36.77
D. $130.33
Pro-forma cash flow per share for amazon inc. is expected to be any of the(A. $14.44, B. $134.75, C. $36.77, or D. $130.33). I can give you some guidance on how to approach the question. Keep in mind that the correct answer (A. $14.44, B. $134.75, C. $36.77, or D. $130.33) may change as the company's financials are updated over time.
Firstly, it is important to understand what pro-forma cash flow per share is. Pro-forma cash flow per share is an estimate of the amount of cash generated by a company's operations per share. This metric is useful for investors and analysts as it helps them to understand how much cash a company is generating relative to the number of shares outstanding.
To calculate the pro-forma cash flow per share for Amazon Inc., you will need to review the company's financial statements and use the relevant formulas. This will involve analyzing the company's cash flow from operating activities, subtracting any capital expenditures, and dividing the result by the number of shares outstanding.
Once you have calculated the pro-forma cash flow per share, you can compare it to the options given in the question. Based on the result, you can select the answer that is closest to your calculation.
In summary, calculating the pro-forma cash flow per share for Amazon Inc. requires a thorough analysis of the company's financial statements. It is important to understand the relevant formulas and to be able to interpret the results.
As a question-answering bot, I am unable to provide real-time financial data or conduct analysis for specific companies such as Amazon Inc. To find the most up-to-date pro-forma cash flow per share information, I recommend referring to the company's latest financial statements or consulting a financial news source or analyst report. Keep in mind that the correct answer (A. $14.44, B. $134.75, C. $36.77, or D. $130.33) may change as the company's financials are updated over time.
To know more about Pro-forma visit
https://brainly.com/question/29399825
#SPJ11
Suppose that de beers and the local water utility are both monopolists in the markets for diamond jewelry and water, respectively. If both monopolies decided to raise prices 15 percent, the monopoly that is most likely to see its total revenue decrease is.
After the rise in price by 15%, the monopoly that is most likely to see its total revenue decrease is De Beers as the demand is more price elastic in comparison to local water utility.
Price elasticity of demand is the demand for a good or service concerning a change in its price. It measures the change in the consumption of a product concerning change in its price.
It helps in analyzing the change in demand and supply with a change in its price. Supply also has an elasticity which is known as price elasticity of supply. The price elasticity of supply determines the change in supply concerning the price change.
Both elasticities determine what goods are produced based on their price.
Learn more about price elasticity here https://brainly.com/question/15308590
#SPJ4
how much do you have to go to work for a baby delivery nurse job (not being lazy actual question for my career research elective)
Answer:
Alot
Explanation:
It depends on how you go about getting your RN
Suppose that the depreciation rate in an economy is 5 percent per year. If this is the case, then physical capital lasts an average of ____ years in this economy.
If the depreciation rate in an economy is 5% per year, then physical capital lasts an average of 20 years in this economy.
The depreciation rate is defined as the decline in an asset's value over time due to wear and tear, usage, or obsolescence. In accounting and finance, it is used to calculate the cost of replacing an asset or to determine the expense of an asset over time.
Depreciation rate = (Cost of asset - Salvage value) / Useful life of the asset
It is essential to note that the useful life of an asset is not a precise duration, and it varies depending on the asset. Physical capital assets like buildings, equipment, and machinery are significant examples of assets that depreciate over time, with their useful life measured in years.
To calculate how long physical capital lasts in this economy, divide the depreciation rate of 5% per year by 100%. This calculation will give you the percentage of physical capital assets that depreciate each year. 5% divided by 100% equals 0.05.
To find out how long physical capital lasts on average, divide 1 by the depreciation rate (in decimal form): 1 / 0.05 = 20.
Therefore, physical capital lasts an average of 20 years in this economy.
To know more about the "depreciation rate": https://brainly.com/question/1203926
#SPJ11
When you complain to your supervisor that the new company software is not working correctly, you are using downward communication
O True
O False
Because downward communication occurs when information and messages flow down through an organization's formal chain of command.
Hope it helps...Answer:
False
Explanation:
downward communication is the flow of information and messages from a higher level inside an organization to a lower one.
Standards that represent levels of operation that can be attained with reasonable effort are called.
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
Two firms are developing a product for a market of fixed size. The longer the firm spends on the development, the better the product is. But the firm releasing the product first has an advantage: a customer may not switch to a better product once got used to a worse one. We model the situation in the following way. A firm that releases first at time t gets h(t) share of the market, leaving the remainder to the competitor. We assume that h(t) is an increasing function of t with h(0) = 0 and h(T) = 1. If the firms release simultaneously, each gets half of the market. Represent this situation as a strategic game and find its Nash equilibria.
The Nash equilibrium of the strategic game is for both firms to release simultaneously at the start of the time period, with each firm obtaining a market share of 0.5.
To represent the situation as a strategic game, we can define the following:
Players: Two firms, Firm 1 and Firm 2.
Actions: Each firm chooses a release time, t, within a given time period.
Payoffs: The market share each firm obtains based on their release time.
Assumptions:
The longer a firm spends on development, the better the product and the higher the market share it obtains.
The firm that releases first has an advantage, as customers may not switch to a better product once they are used to a worse one.
The market size is fixed.
Now, let's define the payoffs for each firm:
Firm 1's Payoff:
If Firm 1 releases at time t and Firm 2 releases simultaneously or later, Firm 1's market share is h(t), and Firm 2's market share is 1 - h(t).
Firm 2's Payoff:
If Firm 2 releases at time t and Firm 1 releases simultaneously or later, Firm 2's market share is h(t), and Firm 1's market share is 1 - h(t).
If both firms release simultaneously, they each get half of the market, so their market shares are 0.5.
To find the Nash equilibria of this strategic game, we need to identify the release times for each firm that maximize their payoffs given the actions of the other firm.
Since h(t) is an increasing function of t, each firm would prefer to release earlier to maximize its market share. However, if one firm releases earlier than the other, it gains an advantage, so there is an incentive for both firms to release as early as possible.
Therefore, the Nash equilibrium of this strategic game is for both firms to release simultaneously at the beginning of the time period, where they each receive a market share of 0.5. This is the only stable outcome where neither firm has an incentive to deviate from their chosen action.
Learn more about nash equilibrium at https://brainly.com/question/29585810
#SPJ11