The Stackelberg Model Is More Appropriate Than the Cournot Model

question 112

Multiple Choice

The Stackelberg model is more appropriate than the Cournot model in situations where

• A) there are more than two firms.
• B) all firms enter the market simultaneously.
• C) one firm makes its output decision before the other.
• D) firms will be likely to collude.

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Definitions:

Reinforcement

A process in behavioral psychology that strengthens a behavior by providing a consequence an individual finds rewarding.

Reinforcement

In behavior psychology, it's a stimulus or event that increases the likelihood of the repetition of the behavior it follows.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, used in behaviorist research.

Intermittently

Occurring at irregular intervals; not continuous or steady, often with pauses or breaks in between.