In the Cournot model
A) market price is unaffected by the actions of any individual firm.
B) firms do not have to worry about the strategies of the other firms.
C) firms' profits are independent.
D) firms' profits are interdependent.
D
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The term "depository institution" refers to
A) savings and loan associations only. B) commercial banks, credit unions, and savings and loan associations. C) credit unions only. D) commercial banks only.
Purchasing power parity means equal rates of return
Indicate whether the statement is true or false
If an inefficient public monopoly cannot provide a service at a price that sufficient numbers of people are willing to pay it:
A. can remain in operation by covering its losses with revenue from taxes. B. must shut down and leave the industry in the long run. C. should expand operations until demand is satisfied. D. will seek out more efficiencies.
Suppose a bank is operating with a leverage ratio of 10 . A 6 percent increase in the value of assets
a. will reduce liabilities by 6 percent. b. will result in a 60 percent increase in owner's equity. c. will result in a 60 percent decrease in owner's equity. d. will reduce liabilities by 10 percent.