Which of the Following Is a Key Element of the Cournot

question 59

Multiple Choice

Which of the following is a key element of the Cournot model?

• A)The price in an oligopoly market increases proportionally for both firms.
• B)The output of one firm is determined keeping the output of other firms fixed.
• C)The output of both firms in an oligopoly market is kept fixed.
• D)The price in an oligopoly market will not increase above a certain level.

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Definitions:

Fast And Irregular

Describing a heartbeat or rhythm that is quicker than normal and not consistent in pattern, often indicating a medical condition.

Delta Waves

Slow brain waves present in deep sleep, and also seen in certain states of brain injury or abnormal brain function.

Alpha Waves

Brainwave patterns associated with a relaxed, yet awake, state.

Beta Waves

Brainwaves detected by an EEG that represent a state of wakefulness and alert concentration.