Cournot and Stackelberg oligopolies are similar in that they ________.
A) both compete on price
B) both compete on marginal cost
C) do not compete
D) both compete on quantity
D) both compete on quantity
You might also like to view...
The impact of an increase in the wage rate on labor supply will be represented by ________, assuming all else equal
A) a rightward shift of the labor supply curve. B) a leftward shift of the labor supply curve. C) an upward movement along the labor supply curve. D) a downward movement along the labor supply curve.
All games have which features?
A) prices, rules, and payoffs B) rules, markets, and prices C) rules, strategies, and payoffs D) rules, strategies, and costs E) equilibrium, prices, and quantities
Which of the following transactions is not a use of funds for Country A?
a. Imports to Country A from the rest of the world. b. Increases in Country A's central bank reserve assets. c. Dividends Country A pays to the rest of the world. d. Loans to Country A from the rest of the world. e. None of the above is a use of funds.4.Sources of funds in the balance of payments are: a. Increases in liabilities and reductions in assets relative to the rest of the world. b. Increases in assets and reductions in liabilities relative to the rest of the world. c. Increases in liabilities and assets relative to the rest of the world. d. Decreases in assets and liabilities relative to the rest of the world.5.Uses of funds in the balance of payments are: a. Increases in liabilities and reductions in assets relative to the rest of the world. b. Increases in assets and reductions in liabilities relative to the rest of the world. c. Increases in liabilities and assets relative to the rest of the world. d. Decreases in assets and liabilities relative to the rest of the world.
In monopolistic competition, firms can have some market power
A. because of barriers to entry into the industry. B. by producing differentiated products. C. because of barriers to exit from the industry. D. by virtue of size alone.