« previous next »

Author Question: In the Cournot model, each firm assumes that its rival will ____ its output when the firm adjusts ... (Read 62 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
In the Cournot model, each firm assumes that its rival will ____ its output when the firm adjusts its own output. Which word best completes the sentence?
 a. increase
  b. not change
  c. decrease
  d. adjust

Question 2

In the price-leadership model,
 a. firms believe that price increases result in a very elastic demand, while price decreases result in an inelastic demand for their product.
  b. each firm acts as a price taker.
  c. one dominant firm takes the reactions of all other firms into account in its output and pricing decisions.
  d. firms coordinate their decisions to act as multiplant monopolies.


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Eye Model Eye Model
The posey bed care model The posey bed care model
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Kaplan’s Three-Stage Model of Sexual Response Kaplan’s Three-Stage Model of Sexual Response
The Holliday model for homologous recombination The Holliday model for homologous recombination
Computationally assembled model of the TFIIA–TBP–TFIIB–promoter complex based on crystal Computationally assembled model of the TFIIA–TBP–TFIIB–promoter complex based on crystal
Video: Asthma Treatment

For a complete list of videos, visit our video library