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

Economics

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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).

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The _____ model is designed to model corner solution dependent variables.

A. linear probability B. logit C. probit D. Tobit

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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)

Economics