Which Oligopoly Model(s) Have the Same Results as the Competitive

question 111

Multiple Choice

Which oligopoly model(s) have the same results as the competitive model?

• A) Cournot
• B) Bertrand
• C) Stackelberg
• D) Both Cournot and Stackelberg

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate financial planning and analysis.

Materials

Raw inputs or components that are used in the manufacturing process to produce finished goods.

Activity Variance

The difference between the planned activity level and the actual activity level, used in budgeting and costing analyses.

Materials

Raw resources or supplies used in the production of finished goods.