Which of the following is a profit-maximizing condition for a Cournot oligopolist?
A. Q1 = Q2 = ... = Qn.
B. MR = MC.
C. P = MR.
D. All of the statements associated with this question are correct.
Answer: B
Economics
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Holding money as a store of value instead of other assets is
A) the capital demand for money. B) the asset demand for money. C) the precautionary demand for money. D) the transactions demand for money.
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You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table. ProjectBoom (50%)Recession (50%)A$20-$10B-$10$20C$30-$30D$50$50A risk-averse manager will prefer project:
A. A. B. B. C. C. D. D.
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