As the Number of Firms Increases in a Market,the Differences

question 87

Multiple Choice

As the number of firms increases in a market,the differences between the Cournot,Stackelberg,and price-taking market structures

• A)decrease.
• B)increase.
• C)remain the same.
• D)cannot be determined.

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Definitions:

Competitive

Relating to or characterized by competition; striving to gain or win something by defeating or establishing superiority over others.

Reminder

A reminder is a tool or message used to prompt or encourage individuals to remember and take action on a specific task, event, or behavior.

Product Advertisements

Advertisements that focus on selling a product or service and which take three forms: (1) pioneering (or informational), (2) competitive (or persuasive), and (3) reminder.

Nonpersonal Communication

Any form of message dissemination that does not involve direct personal contact, including mass media advertising, sales promotions, and public relations.