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Author Question: The oligopoly model that is most appropriate when one large firm usually takes the lead in setting ... (Read 69 times)

Frost2351

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on: Jul 1, 2018
The oligopoly model that is most appropriate when one large firm usually takes the lead in setting price is the ________ model.
 
  A) Cournot
  B) Stackelberg
  C) game theory
  D) prisoner's dilemma

Question 2

For a two-part tariff imposed on two consumers, the entry fee is based on the:
 
  A) consumer surplus of the customer with lower willingness-to-pay.
  B) consumer surplus of the customer with higher willingness-to-pay.
  C) simple average of the consumer surplus for the two buyers.
  D) none of the above


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Ashley I

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

B

Answer to Question 2

A


Frost2351

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Reply #2 on: Jul 1, 2018
Thank you


Ashley I

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Reply #3 on: Jul 1, 2018
No problemo


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