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Author Question: The Stackelberg model is more appropriate than the Cournot model in situations where A) there are ... (Read 66 times)

geodog55

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on: Jul 1, 2018
The Stackelberg model is more appropriate than the Cournot model in situations where
 
  A) there are more than two firms.
  B) all firms enter the market simultaneously.
  C) one firm makes its output decision before the other.
  D) firms will be likely to collude.

Question 2

To derive the labor market demand curve, the labor demand curves for each firm in the output market of interest are summed.
 
  Indicate whether the statement is true or false
Microeconomics ¦ Perloff ¦ 8th Edition
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karmakat49

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

C

Answer to Question 2

False. The labor demand curve for each output market are determined and summed.


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