Which oligopoly model(s) have the same results as the competitive model?
A) Cournot
B) Bertrand
C) Stackelberg
D) Both Cournot and Stackelberg
B
You might also like to view...
If the growth rate of resources is zero and real output is growing at 4 percent, then _____
a. the stock of capital has fallen by 4 percent b. economic growth has fallen by 4 percent c. total factor productivity has risen by 4 percent d. the stock of labor has fallen by 4 percent e. the percentage share of real GDP received by capital has fallen by 4 percent
Pollution taxes always cause deadweight losses, reducing economic efficiency
a. True b. False Indicate whether the statement is true or false
A theory is a deliberate simplification or abstraction of factual relationships
a. True b. False Indicate whether the statement is true or false
Even if a firm is optimistic about the future, why should it shut down if it cannot cover its variable cost? If it does shut down, are there ramifications not mentioned in the textbook?