What is the correct answer?


In cournot model, firms make decisions separately regarding:

A. output

B. input

C. price

D. advertisement

Correct Answer :

A. output

Related Questions

Which of the following is not characteristic of perfect competition? The consumer is in equilibrium at the where: Using total revenue and total cost, a profit maximizing firm will be equilibrium… When the law of demand operates the demand curve: The Law of Equi-Marginal Utility states: If the production increases under decreasing returns to scale, the cost… If the price of product increases and in the result the demand for product… If the commodity is normal then the Income Effect (I.E) and the Substitution… If X and Y are close substitutes, a rise in the price of X will lead to: An inferior good/ commodity is inferior for: If two goods are complements then indifference curve (IC) will be: Pure monopoly exists: Law of variable proportions is based on the assumption of: An individual consumers demand is not determined by: Perfect competition assumes: Increasing returns is not caused by: The giffen paradox is an exception to law of: The largest possible loss that a firm will make in the short run is: Supply and demand changes have their most rapid impact in: Demand is consumers: The addition or increment to the total cost involvesd in expanding or… Which of the following would be least likely to cause a consumer to eat… For a commodity giving large consumers surplus, the demand will be: Capital and Development Planning is the work of: Quantity demanded or supplied is measured in: When a consumer is in equilibrium then slope of indifference curve is: The demand for cigarettes is price inelastic implying a unit tax on this… A fall in demand for the product under monopolistic competition will likely… MRSxy measures: Production function shows: