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Author Question: The market demand that is NOT met by other sellers in a market is known as a firm's (Read 315 times)

joblessjake

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Question 1

The Cournot Model of Oligopoly assumes that
◦ firms decide what quantity to produce.
◦ firms make their decisions simultaneously.
◦ firms do not cooperate.
◦ All of these.

Question 2

The market demand that is NOT met by other sellers in a market is known as a firm's
◦ excess demand curve.
◦ market demand curve.
◦ residual demand curve.
◦ leftover demand curve.


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Marked as best answer by joblessjake on Mar 14, 2021

yahahah24021

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joblessjake

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Reply 2 on: Mar 14, 2021
Thanks for the timely response, appreciate it


gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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