Which of the Following Is a Key Difference Between the Cournot

question 87

Multiple Choice

Which of the following is a key difference between the Cournot model and the Stackelberg model of an oligopoly?

• A) The leader firm in the Stackelberg model makes lower profits than it would under the Cournot model.
• B) Unlike in the Cournot model, firms in the Stackelberg model do not make decisions
• C) Firms in the Cournot model have a first-mover advantage unlike firms in the Stackelberg model.
• D) Unlike in the Stackelberg model, firms in the Cournot model treat the prices of rivals as

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