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Author Question: Which of the following is notan assumption of the Cournot model presented in the text? (Read 78 times)

jake

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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
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Marked as best answer by jake on Apr 19, 2019

jordangronback

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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.
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jake

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Bigfoot1984

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Reply 3 on: Yesterday
Wow, this really help

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