Firms A and B are identical, produce identical products, and are the only firms in a market. Firm A's output is higher than Firm B's. This means that Firm B is the

A) Cartel leader.
B) Stackelberg leader.
C) Stackelberg follower.
D) Cournot leader.

C

Economics

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Public goods have to be produced by the public sector

a. True b. False

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Money is:

a. valuable because it is backed by gold. b. any items used in barter. c. an illiquid asset. d. none of these.

Economics