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Which of the Following Is a Key Difference Between the Cournot

Question 60

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Which of the following is a key difference between the Cournot model and the Stackelberg model of an oligopoly?


A) The leader firm in the Stackelberg model makes lower profits than it would under the Cournot model.
B) Unlike in the Cournot model, firms in the Stackelberg model do not make decisions
C) Firms in the Cournot model have a first-mover advantage unlike firms in the Stackelberg model.
D) Unlike in the Stackelberg model, firms in the Cournot model treat the prices of rivals as

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