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The Stackelberg Outcome Differs from the Cournot Equilibrium Because

Question 19

Multiple Choice

The Stackelberg outcome differs from the Cournot equilibrium because:


A) the games involve different strategic variables.
B) the first mover can commit to an output off its best-response function.
C) quantity supplied is not equal to quantity demanded at the prevailing price.
D) it's not a perfectly competitive outcome.

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