This topic contains a solution. Click here to go to the answer

Author Question: Relative to the Nash equilibrium in the Cournot model, the Nash equilibrium in the Bertrand model ... (Read 90 times)

fahad

  • Hero Member
  • *****
  • Posts: 570
Relative to the Nash equilibrium in the Cournot model, the Nash equilibrium in the Bertrand model with homogeneous products
 
  A) results in the same output but a higher price.
  B) results in the same output but a lower price.
  C) results in a larger output at a lower price.
  D) results in a smaller output at a higher price.
  E) any of the above may result.

Question 2

Refer to Figure 7.2. A movement from A to B in the figure represents
 
  A) economies of scale.
  B) diseconomies of scale.
  C) learning.
  D) economies of scope.
  E) diseconomies of scope.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

C

Answer to Question 2

A




fahad

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library