As the number of firms increases in a market, the differences between the Cournot, Stackelberg, and price-taking market structures

To remain competitive today, many companies commit themselves to:

a. continuous improvement processes b. competitive strategic analysis by outside experts c. episodes of strategic planning d. a and c e. b and c

The profit maximizing quantity to produce can be found at what location for a monopoly?

a. where MR=MC b. where ATC=Profit c. where ATC is the lowest d. where MR is the greatest