The Cournot Model of Oligopoly assumes that A) firms decide what quantity to produce. B) firms ...

Author Question: The Cournot Model of Oligopoly assumes that A) firms decide what quantity to produce. B) firms ... (Read 119 times)

RRMR

Hero Member
Posts: 557

on: Jul 1, 2018

The Cournot Model of Oligopoly assumes that

A) firms decide what quantity to produce.
B) firms make their decisions simultaneously.
C) firms do not cooperate.
D) All of the above.

Question 2

In a perfectly competitive resource market the Marginal Revenue Product Curve is

A) vertical.
B) horizontal.
C) downward sloping.
D) upward sloping.

Microeconomics ¦ Perloff ¦ 8^th Edition

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hollysheppard095

Sr. Member
Posts: 339

Reply #1 on: Jul 1, 2018

Answer to Question 1

D

Answer to Question 2

C

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