Compared to a Cournot Equilibrium,the _____ in a Stackelberg Equilibrium

question 53

Multiple Choice

Compared to a Cournot equilibrium,the _____ in a Stackelberg equilibrium.

• A)price paid by the consumers is higher
• B)total industry output is higher
• C)profit made by the leader firm is lower
• D)output is closer to monopoly output

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Definitions:

Prompts

Cues that convey a message and remind people to do something.

Hypocrisy Induction

A technique for effecting behavior change by confronting people with the inconsistency between their attitudes and their behavior.

Behavior Change

The process through which individuals modify their actions, habits, or attitudes, often for improved outcomes or health.

Attitudes

A learned tendency to evaluate objects, people, or issues in a particular way, which can affect thoughts, feelings, and behaviors.