In a Betrand price-setting duopoly model, the equilibrium output:

a. will be equal to the monopoly output.
b. will be equal to the competitive market output.
c. will lie between the monopoly and the competitive market output.
d. will be higher than the monopoly output.


B

Economics

You might also like to view...

Is the developing world moving toward centralized planning or free markets? Justify your answer

What will be an ideal response?

Economics

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created an Office of Credit Ratings at the SEC with its own staff and the authority to fine credit-rating agencies and to deregister an agency if it produces bad ratings

This is an example of which remedy of conflicts of interest? A) regulate for transparency B) supervisory oversight C) leave it to the market D) socialization of information production

Economics

Markets will always create more efficient outcomes without government intervention

a. True b. False Indicate whether the statement is true or false

Economics

A firm will begin to experience diminishing returns at the point where

A. marginal product increases. B. marginal cost decreases. C. marginal cost increases. D. Both B and C are correct.

Economics