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Author Question: Which of the following market models results in the highest level of consumer surplus assuming a ... (Read 789 times)

skymedlock

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Which of the following market models results in the highest level of consumer surplus assuming a fixed number of firms with identical costs and a given demand curve?
 
  A) Cournot
  B) Stackelberg
  C) Monopoly
  D) Cartel

Question 2

Monopolization of both the labor market and the output market results in
 
  A) higher wages than when both are competitive.
  B) a higher output price than when both are competitive.
  C) a lower level of output than when both are competitive.
  D) All of the above.


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patma1981

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