« previous next »

Author Question: In the Cournot model, each firm assumes that its rival will ____ its output when the firm adjusts ... (Read 140 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
In the Cournot model, each firm assumes that its rival will ____ its output when the firm adjusts its own output. Which word best completes the sentence?
 a. increase
  b. not change
  c. decrease
  d. adjust

Question 2

In the price-leadership model,
 a. firms believe that price increases result in a very elastic demand, while price decreases result in an inelastic demand for their product.
  b. each firm acts as a price taker.
  c. one dominant firm takes the reactions of all other firms into account in its output and pricing decisions.
  d. firms coordinate their decisions to act as multiplant monopolies.


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

A model for priority setting A model for priority setting
The Milestones of Adjustment Post-Psychosis model outlines a four-phase trajectory from a psychotic ... The Milestones of Adjustment Post-Psychosis model outlines a four-phase trajectory from a psychotic ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Vulnerability – Stress Model Vulnerability – Stress Model
An additive model for the inheritance of height in the Potsdam Guards. In this example, the guards a An additive model for the inheritance of height in the Potsdam Guards. In this example, the guards a
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library