If a Cournot duopolist announced that it will double its output,

A) it becomes the leader.
B) the other firm does not view the announcement as credible.
C) the other firm will shut down.
D) the other firm will double output also.


B

Economics

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Fill in the blanks: ________ is defined as a sustained ________ in the purchasing power of money

A) Inflation; fall B) Deflation; fall C) Inflation; rise D) Answers B and C above are both true.

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Arbitrage creates profits but has no effect on prices

Indicate whether the statement is true or false

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In the United States today, economists estimate that the natural rate of unemployment is between ________ and ________ percent.

A. 3; 5.5 B. 3; 4 C. 5; 6.5 D. 6.5; 7.5

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