This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is notan assumption of the Cournot model presented in the text? (Read 73 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Apr 19, 2019

Question 1

In the Cournot model, when a new firm begins production it assumes its demand curve is


◦ the market demand less the amount the other firm is selling.
◦ the market demand plus the amount the other firm is selling.
◦ the same as the competing firm's demand curve.
◦ one-half of the competing firm's demand curve.

Question 2

Which of the following is 
not an assumption of the Cournot model presented in the text?


◦ There are two firms in an industry.
◦ Each firm takes the output of the other firm as given.
◦ Both firms maximize profits.
◦ If the first firm cuts price, the second firm will follow and if the first raises price, the second will not follow.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jake on Apr 19, 2019

jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


jake

  • Member
  • Posts: 538
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

3D DNA Model 3D DNA Model
Male reproductive anatomy model Male reproductive anatomy model
Media Practice Model Media Practice Model
The leaky-barrel model: a settling-point model of eating and body weight homeostasis. The leaky-barrel model: a settling-point model of eating and body weight homeostasis.
Structural model of the Cro dimer–operator complex Structural model of the Cro dimer–operator complex
A Model of Natural Selection Favoring the Heterozygous Genotype A Model of Natural Selection Favoring the Heterozygous Genotype
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library