In a Cournot Oligopoly, If the Demand Curve Is Not

question 79

Multiple Choice

In a Cournot oligopoly, if the demand curve is not linear, the firms' best- response curves _________________ be downward sloping and ________be linear.

• A)will not; will
• B)will; will
• C)will; will not
• D)will not; will not

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Definitions:

Bananas

A staple fruit globally known for its yellow peel and soft, sweet flesh, often grown in tropical regions.

Productive Resources

The inputs used in the production of goods and services, typically classified as land, labor, capital, and entrepreneurship.

Economists

Professionals who study, develop, and apply theories and concepts from economics and write about economic policy.

Utility

A measure of satisfaction or happiness that a consumer receives from consuming goods and services.