Quantity-Setting Oligopoly Models Quiz
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Questions and Answers

Which of the following oligopoly models assumes that firms choose output levels simultaneously and independently?

  • Cournot Bertrand
  • Bertrand
  • Stackelberg
  • Cournot (correct)
  • Which oligopoly model assumes that one firm acts as a leader and sets its output level before the other firms?

  • Stackelberg (correct)
  • Cournot
  • Bertrand
  • Cournot Bertrand
  • Which oligopoly model assumes that firms compete on price rather than quantity?

  • Cournot
  • Stackelberg
  • Cournot Bertrand
  • Bertrand (correct)
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