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Author Question: In the Cournot model the final level of output is ________ the output that would be produced if the ... (Read 137 times)

NguyenJ

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on: Apr 19, 2019

Question 1

Which of the following is an assumption of the Cournot model?


◦ There is only one firm in an industry.
◦ Each firm takes the output of the other firm as given.
◦ The firms behave so as to maximize their revenues.
◦ Firms collude to fix prices and quantities.

Question 2

In the Cournot model the final level of output is ________ the output that would be produced if the industry was a monopoly, and is ________ the output that would be produced if the industry was perfectly competitive.


◦ greater than; less than
◦ less than; greater than
◦ equal to; less than
◦ greater than; equal to
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by NguyenJ on Apr 19, 2019

Sweetkitty24130

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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.
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NguyenJ

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

jojobee318

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Reply 3 on: Yesterday
Excellent

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