In the Simplest Version of the Cournot Model, We Assume

question 72

Multiple Choice

In the simplest version of the Cournot model, we assume

• A)the firms set quantities independently and simultaneously.
• B)the firms have identical costs and sell identical products.
• C)there are a small number of firms, and no other firm can enter the market.
• D)All of the above.

---

Definitions:

Stress

A physical or emotional response to demanding or threatening situations, often resulting in strain or tension.

Problems

Challenges or situations that require solutions or resolution.

Demands

Refers to requests or pressures from individuals, groups, or situations that require responses or actions, often implying urgency or importance.

Absence

A state of not being present or available, often used within the context of employment to denote time not worked.