In the dominant firm model, the smaller fringe firms behave like:
A) competitive firms.
B) Cournot firms.
C) Stackelberg firms.
D) Bertrand firms.
E) monopolists.
A
Economics
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To ensure that the fundamental identity of national income accounting holds, changes in inventories are
A) treated as part of expenditure. B) treated as part of saving. C) ignored. D) counted as consumption.
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Land, water, metals, and minerals are considered to be
a. non-scarce resources because they are "gifts of nature" b. free resources because they are "gifts of nature" c. manufactured resources because no resource is useable without labor d. natural resources that are "gifts of nature" e. renewable resources that are "gifts of nature"
Economics