Choose the most accurate statement and explain why it is accurate. Also explain why you did not choose the other statements. Keep your answer under page.

The most accurate statement is .

1. Firms in Perfectly Competitive markets are highly competitive, aggressively advertising and promoting better versions of their products than their rivals.

1. A Nash equilibrium will exist when all of the players in a game have a dominant strategy.

1. Public goods do not exist.

1. Economic Surplus is another name for residual demand.

1. The best solution to a positive externality is a tax on the good.