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In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:

A. Also decrease it

B. Increase it

C. Remain uneffected

D. None of the above

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

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  1. In cournot model, during the process of adjustment, the number of firms:
  2. The normal long-run average cost curve is influenced by the:
  3. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  4. Indifference curves reflect:
  5. In a socialist (communist) economy the invisible hand:
  6. The main contribution of Prof. R.G.D.Allen is in the field of:
  7. Increasing return to scales can be explained in terms of:
  8. Under conditions of perfect competition, price in the long-run is equal to:
  9. Elasticity of demand is equal to unity while marginal revenue is:
  10. Demand for a commodity is elastic when it has
  11. The game theory takes into consideration:
  12. A budget line shows:
  13. Who wrote Mathematical Analysis for Economists?
  14. Law of Substitution in production was presented by:
  15. Which is the first-order condition for the profit of a firm to be maximum?
  16. In price leadership, like leader, the follower firm may:
  17. The main contribution of Malthus is in the field of:
  18. Labor theory was firstly rejected by:
  19. The non-price competition cartel is a:
  20. The Hicksian indirect utility function in the form of equation is:
  21. Identify the economist who first developed the theory of income determination in its modern form:
  22. The basic and essential economic problems in a community are related to choice and:
  23. The law of demand is most directly a result of:
  24. The general form of Cobb-Douglas production function is:
  25. Traditionally, the study of determination of price is called:
  26. In terms of price, the indirect utility function may be:
  27. The difference between average total cost and average fixed cost shows:
  28. When the output of a firm is increasing, its average fixed cost:
  29. Marginal Productivity Theory deals with the theory of:
  30. The sufficient condition of firms equilibrium requires: