« previous next »

Author Question: In which of the following market structures with two identical firms do both firms produce more than ... (Read 93 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
on: Jul 1, 2018
In which of the following market structures with two identical firms do both firms produce more than the Cournot outcome?
 
  A) Stackelberg Oligopoly
  B) Cartel
  C) Perfect Competition
  D) None of the above

Question 2

The position of a cartel will become weaker if there is ________ excess-capacity among the firms belonging to the cartel.
 
  A) minimum
  B) no
  C) zero
  D) high


raenoj

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Structures and properties of pigment molecules Structures and properties of pigment molecules
Basidiomycetes produce diverse fruiting bodies. Basidiomycetes produce diverse fruiting bodies.
Activating a gene to produce “marathon mice.” Activating a gene to produce “marathon mice.”
Basic structures of HIV. Basic structures of HIV.
Diversity in hemoglobin structures Diversity in hemoglobin structures
Active solar technologies use for heat, cool, and produce electricity Active solar technologies use for heat, cool, and produce electricity
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library