Author Question: In an Edgeworth box, all points of efficiency occur at the A) intersections of the indifference ... (Read 56 times)

Themember4 · **on:** Jul 1, 2018

In an Edgeworth box, all points of efficiency occur at the

A) intersections of the indifference curves.
B) the points of tangency between the sets of indifference curves.
C) in the midpoint of the diagram.
D) at any point other than the intersections of the indifference curves.

Question 2

In the ________, one firm sets its output first, and then a second firm, after observing the first firm's output, makes its output decision.

A) Cournot model
B) model of monopolistic competition
C) Bertrand model
D) kinked-demand model
E) none of the above