Mark if the following statements are true (T) or false (F) (i) If costs are sub-additive and concave, the natural monopoly is sustainable. (ii) The von-Stackelberg leadership model is close to competitive model than the Cournot (iii) If there are "search costs", P = MC is not a unique equilibrium (iv) The Ramsey price maximizes the welfare, subject to zero profits

Mark if the following statements are true (T) or false (F) (i) If costs are sub-additive and concave, the natural monopoly is sustainable. (ii) The von-Stackelberg leadership model is close to competitive model than the Cournot (iii) If there are "search costs", P = MC is not a unique equilibrium (iv) The Ramsey price maximizes the welfare, subject to zero profits

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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