Which of the Following Oligopoly Models Has an Equilibrium That

question 23

Multiple Choice

Which of the following oligopoly models has an equilibrium that can be described as a Nash equilibrium?

• A)Cournot oligopoly model
• B)Dominant firm and competitive fringe oligopoly model
• C)Bertrand oligopoly model
• D)Kinked-demand oligopoly model

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Definitions:

Strange Situation

Laboratory technique used to study infant attachment.

Mother

A female parent or guardian who may share a biological or adoptive bond with a child.

Stranger

An individual who is not known personally to another individual or is not familiar within a specific context or environment.

Shy

A temperament or personality trait characterized by feelings of tension, nervousness, or discomfort in social situations.