Which of the Following Is True Regarding the Relationship Between

question 56

Multiple Choice

Which of the following is true regarding the relationship between the elasticity of demand for an individual firm and the elasticity of demand for the market in a Cournot oligopoly with five identical firms?

• A) E_F = (df(p) / dP) × (5P / Q)
• B) E_F = (df(p) / dP) × (5Q / P)
• C) E_M = 5E_F
• D) E_F = (1/5)E_M

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