If Firms Are in Cournot Equilibrium,they Could Increase Profits By

question 127

Multiple Choice

If firms are in Cournot equilibrium,they could increase profits by:

• A) jointly increasing output.
• B) jointly reducing output.
• C) unilaterally increasing prices.
• D) unilaterally reducing prices.

---

Definitions:

Behavioural

Pertaining to the actions or reactions of a person or animal in response to external or internal stimuli.

Process Skills

Abilities that enable an individual to effectively manage and execute a series of actions or steps to achieve a particular outcome.

Litigation

The process of taking legal action; a lawsuit or legal proceedings in a court.

Reference Checks

Reference Checks are the process of contacting previous employers, colleagues, or other references provided by a candidate to verify their qualifications and suitability for a job.