Which of the following are price-setting oligopoly models?

A. Cournot and Stackelberg.
B. Cournot.
C. Bertrand.
D. Stackelberg.

Answer: C

Economics

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The cross elasticity between two goods, X and Y, is positive. From this, we can conclude that goods X and Y are:

A. substitute goods. B. complementary goods. C. unrelated goods. D. inferior goods.

Economics