Suppose Cournot duopolists firms face the same market demand curve, but have differing costs. At the Nash-Cournot equilibrium, the firm with the higher cost will
A) have a lower price for its product than its competitor.
B) have a smaller profit than its competitor.
C) have a higher price for its product than its competitor.
D) have a higher profit than its competitor.
Question 2
The labor market demand curve
A) is the summation of the labor demand curve for each output market.
B) is identical to the average firm labor demand curve.
C) is the sum of the wages paid for each unit of labor of the individual firms labor demands.
D) is always upward sloping for competitive labor markets.
Energy costs of locomotion.
Spiral Galaxies (Nearly Face-on Views)
Removal of the Face of One of the Colossal Sculptures of Ramses II at Abu Simbel in the Mid 1960s
Main Hall, Trajan's Market
Linear dose-response curve
Economic recession in 2008 saw a small decrease in demand