In the Stackelberg Model of Oligopoly,the Dominant Firm

question 15

Multiple Choice

In the Stackelberg model of oligopoly,the dominant firm:

• A)will equate marginal cost with the residual demand curve to maximize profits.
• B)faces a perfectly elastic demand curve.
• C)can maximize profits ignoring the actions of other firms in the industry.
• D)faces a marginal revenue curve that lies under the residual demand curve.

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