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Author Question: In the simplest version of the Cournot model, we assume A) the firms set price independently and ... (Read 50 times)

WWatsford

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on: Jul 1, 2018
In the simplest version of the Cournot model, we assume
 
  A) the firms set price independently and simultaneously.
  B) the firms set price independently and sequentially.
  C) that the firms have identical costs.
  D) the firms are in a Nash equilibrium.

Question 2

What is one reason patents are required?
 
  A) Information concerning innovation is private and secure.
  B) Human nature is corrupt.
  C) Information concerning innovation is generally not private and secure.
  D) The patent only makes things better in the short-run.


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jasonq

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


WWatsford

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

flexer1n1

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Reply 3 on: Yesterday
:D TYSM

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