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Quantity-Setting Oligopoly Models Quiz
3 Questions
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Quantity-Setting Oligopoly Models Quiz

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@SaneUnderstanding

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Questions and Answers

Which of the following oligopoly models assumes that firms make decisions sequentially, with one firm acting as a leader and the other(s) as followers?

  • Cournot only
  • Bertrand
  • Stackelberg only
  • Stackelberg and Cournot (correct)

    • Which of the following oligopoly models assumes that firms make decisions simultaneously and compete on price?

  • Stackelberg and Cournot
  • Bertrand (correct)
  • Stackelberg only
  • Cournot only

    • Which of the following oligopoly models assumes that firms make decisions sequentially, with all firms acting as followers?

  • Stackelberg and Cournot
  • Cournot only (correct)
  • Bertrand
  • Stackelberg only

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