Q1. Which is which? Identify the oligopoly model based on the description. Two Firms, high barriers to Entry, Firms sell identical goods, Firms simultaneously choose output______(a. Cournot Duopoly b. Monopolistic Duopoly c. Bertrand Duopoly d. Stackelberg Duopoly) Two Firms, high barriers to entry, Firms sell identical goods, Firms simultaneously choose prices______(a. Stackelberg Duopoly b. Bertrand Duopoly c. Hotelling Duopoly d. Cournot Duopoly) Few Firms, low barriers to entry, firms sell substitutes but differentiated goods______(a. Monopolistic Competition b. Bertrand Oligopoly c. Bertrand Competition with Differentiated Goods d. Cournot Oligopoly) Two firms, high barriers to entry, firms sequentially choose output______(a. Stackelberg Duopoly b. Bertrand Duopoly c. Cournot Duopoly d. Monopolistic Competition)
Q1. Which is which?
Identify the oligopoly model based on the description.
Two Firms, high barriers to Entry, Firms sell identical goods, Firms simultaneously choose output______(a. Cournot Duopoly b. Monopolistic Duopoly c. Bertrand Duopoly d. Stackelberg Duopoly)
Two Firms, high barriers to entry, Firms sell identical goods, Firms simultaneously choose prices______(a. Stackelberg Duopoly b. Bertrand Duopoly c. Hotelling Duopoly d. Cournot Duopoly)
Few Firms, low barriers to entry, firms sell substitutes but differentiated goods______(a.
Two firms, high barriers to entry, firms sequentially choose output______(a. Stackelberg Duopoly b. Bertrand Duopoly c. Cournot Duopoly d. Monopolistic Competition)
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