parrazm2022
07.11.2019 •
Business
Suppose that journeyman and makers mark are the sole producers of a super-smooth bourbon. the two firms currently charge the same price for their products. if neither firm reduces the price of its super-smooth bourbon, each firm earns $40million in profit. if both firms reduce their prices, then each firm will earn $10 million in profit. if one firm reduces its price and the other does not, then the firm that reduces price will earn a profit of $60 million while the other firm will earn a profit of $2 million. assuming that collusion is not a possibility, the nash equilibrium occurs when choose one: - a. makers mark will reduce its price and journeyman will maintain its current price b. both frms will reduce their price c. journeyman will reduce its price and makers mark will maintain its current price. d. both firms will maintain their current price
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Ответ:
Balance of Payments Effect: Tariff has favourable effect on the balance of payments position of the imposing country. It reduces imports and increases the export surplus of the country. Thus, through tariffs, a deficit in the balance of payment can be corrected.
:) mark me brill :)