There are three noodle shops in town. their shares of the market are: nguyen's noodles (50%), pham's pho (37%), and nam's noodles (13%). nam lowers the price of its noodles, hoping to pressure the other noodle shops to lower their prices, but they do not. what type of game does this represent?

Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.