Ed Just Finished an Empirical Study of Oligopoly

question 51

Multiple Choice

Ed just finished an empirical study of oligopoly.He found the following result: "In the examined industry,a firm's demand curve is such that other firms match price increases but do not match price reductions." What kind of oligopoly is the examined industry?

• A) Sweezy model
• B) Cournot model
• C) Stackelberg model
• D) None of the preceding answers is correct.

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