The Inverse Demand Function for Fuzzy Dice Is P =

question 34

Multiple Choice

The inverse demand function for fuzzy dice is p = 20 - q.There are constant returns to scale in this industry with unit costs of $8.Which of the following sets of statements is completely true?

• A)Monopoly output is 6.Cournot duopoly total output is 8.A Stackelberg leader's output is 8.
• B)Monopoly output is 8.Cournot duopoly total output is 8.A Stackelberg leader's output is 8.
• C)Monopoly output is 6.Cournot duopoly total output is 6.A Stackelberg follower's output is 3.
• D)Monopoly output is 6.Cournot duopoly total output is 8.A Stackelberg follower's output is 3.
• E)Monopoly output is 6.Cournot duopoly total output is 8.A Stackelberg follower's output is 4.