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Author Question: As the number of firms increases in a market, the differences between the Cournot, Stackelberg, and ... (Read 88 times)

bb

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As the number of firms increases in a market, the differences between the Cournot, Stackelberg, and price-taking market structures
 
  A) decrease.
  B) increase.
  C) remain the same.
  D) Cannot be determined.

Question 2

Firm A is a monopoly. The demand for its output is p = 90 - Q. Production is such that Q = L. Firm A hires labor in a competitive market where the wage is 10. Firm A will hire
 
  A) 10 units of labor.
  B) 20 units of labor.
  C) 30 units of labor.
  D) 40 units of labor.


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parker125

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bb

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Reply 2 on: Jul 1, 2018
:D TYSM


Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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