In examining cheating in collusions,________ examined the performance consequences if colluding firms cheat by adjusting the quantity of their output and let market forces determine prices.
A)Bertrand
B)Cournot
C)Edgeworth
D)Stackelberg

Question

Quizplus · Accepted Answer

The concept of cheating in collusions by adjusting the quantity of output and letting market forces determine prices is based on the Cournot model. Therefore, examining the performance consequences of cheating in collusions using this approach would entail analysis within the context of the Cournot model.

In Examining Cheating in Collusions,________ Examined the Performance Consequences If