Which of the following is NOT an assumption of the initial Cournot Oligopoly Model?
A) Market lasts for only one period.
B) Firms act simultaneously.
C) Firms have same cost functions.
D) Firms produce differentiated products.
D
Economics
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The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another
A) his total utility will increase. B) the marginal utility from the 5th drink equals 30. C) the marginal utility from the 5th drinks equals 50. D) Both answers A and B are correct.
Economics
How can compensating differentials explain differences in wages across jobs in different industries?
What will be an ideal response?
Economics