Which of the Following Statements Is NOT a Condition for a Stackelberg

question 42

Multiple Choice

Which of the following statements is NOT a condition for a Stackelberg oligopoly?

• A) The market is contestable.
• B) Barriers to entry exist.
• C) A single firm (the leader) selects an output before all other firms choose their outputs.
• D) The firms produce either differentiated or homogeneous products.

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Definitions:

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