As the Number of Firms in a Cournot Oligopoly________

question 54

Multiple Choice

As the number of firms in a Cournot oligopoly________ , the equilibrium quantity gets closer to the ________equilibrium quantity.

• A)decreases; monopolistically competitive
• B)increases; monopoly
• C)decreases; perfectly competitive
• D)increases; perfectly competitive

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Definitions:

Spontaneous Anger

A sudden and intense emotional response of anger that arises unexpectedly, often triggered by a perceived wrong or injustice.

Type A Behaviour

A pattern of behavior characterized by competitiveness, ambition, impatience, aggressiveness, and a fast-paced lifestyle, often linked to stress and heart disease.

Disinhibited

The reduction or absence of restraint over one's emotions, impulses, or behaviors, often resulting in actions that are spontaneous or considered socially inappropriate.

Illegally

Pertains to actions or activities that violate laws or regulations.