The oligopoly model that is most appropriate when one large firm ...

[Frost2351]

The oligopoly model that is most appropriate when one large firm usually takes the lead in setting price is the ________ model.
 
  A) Cournot
  B) Stackelberg
  C) game theory
  D) prisoner's dilemma

Question 2

For a two-part tariff imposed on two consumers, the entry fee is based on the:
 
  A) consumer surplus of the customer with lower willingness-to-pay.
  B) consumer surplus of the customer with higher willingness-to-pay.
  C) simple average of the consumer surplus for the two buyers.
  D) none of the above

[Ashley I]

Answer to Question 1

B

Answer to Question 2

A

[Frost2351]

Thank you

[Ashley I]

No problemo