In the Cournot Model,if a Firm's Marginal Cost Increases,its Best-Response

question 57

Multiple Choice

In the Cournot model,if a firm's marginal cost increases,its best-response function will

• A)shift inward.
• B)not change.
• C)shift outward.
• D)The shift is ambiguous.

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Definitions:

Unconditioned Stimulus

A stimulus that inherently and instinctively elicits a reaction without needing any learned behavior.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Conditioned Stimulus

An initially neutral stimulus that, after association with an unconditioned stimulus, triggers a conditioned response.

Unconditioned Response

An automatic, innate reaction to a stimulus without prior learning or conditioning.