________and ________oligopolies are similar in that they both compete on quantity.

Name: ________and ________oligopolies are similar in that they both compete on quantity.
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Question

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Cournot and Stackelberg oligopolies both involve firms competing on the quantity of output they produce, rather than prices. In Cournot competition, firms simultaneously choose quantities, while in Stackelberg competition, one firm sets its output level first, and the other firms then react to this decision.

________And ________Oligopolies Are Similar in That They Both Compete on Quantity

And Oligopolies Are Similar in That They Both Compete on Quantity