Home

What is the correct answer?

4

Which of the following oligopoly models is concerned with the maximization of joint profits?

A. Price leadership model

B. Bertrands model

C. Collusive model

D. Edgeworths model

Correct Answer :

C. Collusive model


Related Questions

All the firms with identical costs under perfect competition well, in… One common definition of a luxury good is a good with income elasticity: Which of the following formula determine the income elasticity of demand?: In context of oligopoly, the kinky demand curve (kinked demand curve)… When total revenue (TR) falls in monopoly then elasticity of demand is: Diminishing returns occur when a firm: When the slope of a demand curve is infinite (also known as horizontal… Firms average and marginal revenues are equal under: The MC curve cuts the AVC and ATC curves: A mixed economy is characterized by the coexistence of: The demand curve of a firm in monopolistic competition is: The games which played by players again and again are called: Some economists refer to iso-product curves as: In the long run average costs curve, a firm can change: Abstinence or Waiting theory of Interest was presented by: The isoquant approach is: The slope of marshallian demand curve is: The firm producing at the minimum point of the AC curve is said to be: In perfect cartel, the: In monopoly, the relationship between average revenue and marginal revenue… In monopolistic competition, the firms have to face: All of the following curves are U-Shaped except: Substitution effect means a consumer The monopolist firm is price setter. The price setter firm is one which: The advantage of using indifference curves rather than marginal utilities… Demand for a commodity is elastic when it has Labor Saving Technological Progress can be defined as: Under monopolistic competition, the firms compete alongwith: The horizontal demand curve for a commodity shows that its demand is: The right of individuals to control productive resources is known as: