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Each firm in cournot model assumes that its competitor will:

A. change its output

B. not change its output

C. change its price

D. not change its price

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Price elasticity of demand can be measured in the following way:
  2. The cost curves of the firm shift due to changes in:
  3. J.R.Hicks was:
  4. The relationship between price effect, income effect and substitution effect is:
  5. Income-demand curve shows:
  6. Identify the author of The Principles of political Economy and Taxation:
  7. Monopolistic firm can fix:
  8. Under the law of variable proportions, the average and the marginal product of the variable factor would…
  9. If a person behaves against the laws of economics then:
  10. The longer the period of time, the elasticity of supply will be:
  11. The falling part of total Utility (TU) curve shows:
  12. Total costs are:
  13. Normal profits are considered as:
  14. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  15. In market sharing cartel model, cartel determines the shares of:
  16. In Prisoners Dillemma, the players are:
  17. According to Smith, by value we mean the value with respect to use, and the price we mean the value…
  18. The nominal income of a consumer is income in terms of:
  19. Which of the following is called Gossens first law?
  20. The model which gives us information about price and output changes in different periods is:
  21. Which one of the following is also known as Plant Curves:
  22. Supply of a commodity refers to:
  23. Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
  24. Change in quantity demanded (expansion and contraction of demand) is:
  25. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  26. In a socialist (communist) economy the invisible hand:
  27. Average cost curve contains in it:
  28. In monopoly, when average revenue curve falls:
  29. The horizontal demand curve for a commodity shows that its demand is:
  30. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…