Questions
BU.450.750.K1.SP25 Quiz- Requires Respondus LockDown Browser
Single choice
In a Cournot competition setting
Options
A.firms set quantities.
B.firms can have first-mover advantage.
C.firms set prices.
D.firms set quality levels.
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Step-by-Step Analysis
In a Cournot competition setting, the core strategic variable is quantity, and each firm chooses how much to produce.
Option 1: 'firms set quantities.' This is precisely the defining feature of Cournot ......Login to view full explanationLog in for full answers
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