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 in a market increases, the differences between Cournot, Stackelberg, and price-taking market structures decrease. This convergence occurs because with more firms, each individual firm's influence on the market price diminishes, making the market more competitive and resembling a perfectly competitive market where firms are price takers.

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