In the ________, One Firm Sets Its Output First, and Then

question 44

Multiple Choice

In the ________, one firm sets its output first, and then a second firm, after observing the first firm's output, makes its output decision.

• A) Cournot model
• B) model of monopolistic competition
• C) Bertrand model
• D) kinked-demand model
• E) none of the above

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