The Cournot Model of Oligopoly assumes that
A) firms decide what quantity to produce.
B) firms make their decisions simultaneously.
C) firms do not cooperate.
D) All of the above.
D
Economics
You might also like to view...
What determines the the real interest rate in the long-run classical model?
A. aggregate supply and demand B. money supply and demand C. savings and investment D. inflation
Economics
The assumption of constant velocity is a critical component of the
a. monetarist model. b. classical model. c. real business cycle model. d. new classical model. e. all of the above.
Economics