The Cournot equilibrium can be found by treating ________ as a ...

[EY67]

The Cournot equilibrium can be found by treating ________ as a pair of simultaneous equations and by finding the combination of Q1 and Q2 that satisfy both equations.
 
  A) the reaction curves for firms 1 and 2
  B) the market supply curve and the market demand curve
  C) the contract curve and the market demand curve
  D) the contract curve and the market supply curve
  E) the firm's supply curve and the firm's demand curve

Question 2

The local cable TV company charges a hook-up fee of 30 per month. Customers can then watch programs on a pay-per-view basis (a fee is charged for every program watched). This is an example of
 
  A) peak-load pricing.
  B) second-degree price discrimination.
  C) a two-part tariff.
  D) intertemporal price discrimination.
  E) none of the above

[at]

Answer to Question 1

A

Answer to Question 2

C

[EY67]

TYSM

[mochi09]

Excellent