As the number of firms increases in a market,the differences between the Cournot,Stackelberg,and price-taking market structures

Question

Quizplus · Accepted Answer

As the number of firms increases in a market, the differences between Cournot, Stackelberg, and price-taking market structures decrease. This is because with more firms, the market becomes more competitive, making the behavior of firms in these models more similar to that of price-takers.

As the Number of Firms Increases in a Market,the Differences