This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is notan assumption of the Cournot model presented in the text? (Read 75 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Apr 19, 2019

Question 1

In the Cournot model, when a new firm begins production it assumes its demand curve is


◦ the market demand less the amount the other firm is selling.
◦ the market demand plus the amount the other firm is selling.
◦ the same as the competing firm's demand curve.
◦ one-half of the competing firm's demand curve.

Question 2

Which of the following is 
not an assumption of the Cournot model presented in the text?


◦ There are two firms in an industry.
◦ Each firm takes the output of the other firm as given.
◦ Both firms maximize profits.
◦ If the first firm cuts price, the second firm will follow and if the first raises price, the second will not follow.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jake on Apr 19, 2019

jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


jake

  • Member
  • Posts: 538
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

A single-gene model explains Mendel’s ratios A single-gene model explains Mendel’s ratios
A model for synthetic lethality A model for synthetic lethality
Information Processing Model The components of the model operate simultaneously. Information Processing Model The components of the model operate simultaneously.
Model for translocon function Model for translocon function
Model look has gone from curvy to stick thin to sporty and back to waiflike again Model look has gone from curvy to stick thin to sporty and back to waiflike again
Allyl isothiocyanate, ball and stick model Allyl isothiocyanate, ball and stick model
Video: Bond in biological molecules (Ionic, Covalent and Hydrogen bonds)/ How atoms bond?

For a complete list of videos, visit our video library