In the ________, Two Duopolists Compete by Simultaneously Selecting Price

question 50

Multiple Choice

In the ________, two duopolists compete by simultaneously selecting price.

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

---

Definitions:

Federal Unemployment Taxes

Taxes imposed on employers to fund unemployment benefits, administered at the federal level.

Payroll Tax Expense

Taxes that an employer is responsible for paying on behalf of its employees, which can include federal and state income taxes, Social Security, and Medicare taxes.

FICA Taxes Payable

The amount due for Federal Insurance Contributions Act taxes, which fund Social Security and Medicare, required to be paid by employers and employees.

Interstate Commerce

Refers to any work involving or related to the movement of goods or services across state lines within the United States.