INTERNATIONAL JOURNAL OF ENGLISH, LITERATURE AND CULTURAL STUDIES

Abstract

The current research focuses on verifying enough economic circumstances for numerous equilibria in particular Tullock-type contents to exist exactly, scientifically showing that asymmetric equilibria may occur even when the price and cost structure are symmetric. The academic study has more significance because it has extended the fundamental understanding in a theoretical context, as well as carefully presenting the current contests in the scenario multiple equilibria remain alive economically while being surrounded by the proper context of substantial unsatisfactory conditions.