The producer's surplus of all firms in an oligopoly is usually the least in the case of a:
A. Stackelberg oligopoly.
B. Bertrand oligopoly.
C. Cournot oligopoly.
D. Sweezy oligopoly.
Answer: B
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A monetary policy target is a variable that the Fed can affect directly, which then affects one or more of the Fed's policy goals
Indicate whether the statement is true or false
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). c. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). e. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).
The _____ model is designed to model corner solution dependent variables.
A. linear probability B. logit C. probit D. Tobit
Dumping means selling goods in a foreign market at lower prices than those charged in the home market.
Answer the following statement true (T) or false (F)