Suppose Two Cournot Duopolist Firms Operate at Zero Marginal Cost

question 47

Multiple Choice

Suppose two Cournot duopolist firms operate at zero marginal cost.The market demand is p = a - bQ.Firm 1's best-response function is

• A) q1= (a - b )/2b.
• B) q1= (a - 2b )/2b.
• C) q1= a/b.
• D) q1= a/2b.

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Definitions:

Coping

The process of managing stressful situations or emotions through various strategies, such as problem-solving, seeking support, or adjusting expectations.

Allostatic Load

The wear and tear on the body that accumulates as an individual is exposed to repeated or chronic stress.

Stress Hormones

Chemicals released in the body in response to stress, including cortisol and adrenaline, which prepare the body to face a challenge.

Self-Directed Practices

Activities or learning methods where individuals take the initiative, with or without the help of others, to diagnose their learning needs, formulate learning goals, identify resources for learning, choose and implement learning strategies, and evaluate learning outcomes.