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Author Question: Which one of the following is not considered a financial intermediary? A) a pension fund B) an ... (Read 43 times)

s.tung

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on: Jun 29, 2018
Which one of the following is not considered a financial intermediary?
 
  A) a pension fund B) an insurance company
  C) a credit counselor D) a bank

Question 2

Evaluate the following statement. The Cournot model basically assumes that the sole decision of each firm in a duopoly is one of determining how much to produce not which price to set.
 
  What will be an ideal response?


briezy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

This is essentially correct. Once each firm determines how much it is going to produce based on what its rival produces then the industry wide output determines the price that each will charge in order to sell that level of output.


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