In the simplest version of the Cournot model, we assume
A) the firms set quantities independently and simultaneously.
B) the firms have identical costs and sell identical products.
C) there are a small number of firms, and no other firm can enter the market.
D) All of the above.
Correct Answer:
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Q31: In the Cournot model, if one firm
Q32: The market demand that is NOT met
Q33: Q34: If a firm is selling a quantity Q38: If a firm's marginal costs _, then Q40: In the simplest version of the Cournot Q41: In a Bertrand model with identical products, Q52: In the Cournot model,the output that a Q54: In the Cournot model,a firm maximizes profit Q58: 
A)price
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