If Happy Cleaners and Sparkle Cleaners Are in a Cournot

question 100

Multiple Choice

If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly, the Cournot equilibrium will .

• A)occur at the intersection of Happy Cleaners' and Sparkle Cleaners' best- response curves
• B)only occur if Happy Cleaners and Sparkle Cleaners form a cartel
• C)occur at a point on Happy Cleaners' best- response curve, but not Sparkle Cleaners' best- response curve
• D)provide an incentive for both firms to adjust their output

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