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Author Question: In the Cournot model, if the products are differentiated, A) this reduces the pressure of one ... (Read 21 times)

MGLQZ

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on: Jul 1, 2018
In the Cournot model, if the products are differentiated,
 
  A) this reduces the pressure of one firm's decisions on the other.
  B) this increases the pressure of one firm's decisions on the other.
  C) there is no difference between this model and one with homogeneous goods.
  D) marginal costs are necessarily different.

Question 2

A firm faces competitive markets for its inputs and its output. Its marginal revenue product of labor
 
  A) is increasing in the output price.
  B) is decreasing in the output price.
  C) is independent of the output price.
  D) has an inverted U-shape.
Microeconomics ¦ Perloff ¦ 8th Edition
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patma1981

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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