Examples of market failure include lack of competition, externalities, public goods, and income inequality

Net investment

A) equals gross investment plus depreciation. B) is the only measure of investment used to calculate GDP. C) equals gross investment minus depreciation. D) is equivalent to the existing capital stock in the economy.

The Stackelberg outcome differs from the Cournot equilibrium because:

a. the games involve different strategic variables. b. the first mover can commit to an output off its best-response function. c. quantity supplied is not equal to quantity demanded at the prevailing price. d. it's not a perfectly competitive outcome.