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jarptica [38.1K]
4 years ago
5

What is one difference between the cournot and stackelberg models?

Social Studies
1 answer:
NNADVOKAT [17]4 years ago
7 0
Is that firms choose simultaneously in the Cournot model and sequentially in the Stackelberg model.
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Explain a time in which you participated in a deviant behavior and a sanction was applied?
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Deviance is behavior that violates social norms and arouses negative social reactions. Some behavior is considered so harmful that governments enact written laws that ban the behavior. Crime is behavior that violates these laws and is certainly an important type of deviance that concerns many Americans.

The fact that both deviance and crime arouse negative social reactions reminds us that every society needs to ensure that its members generally obey social norms in their daily interaction. Social control refers to ways in which a society tries to prevent and sanction behavior that violates norms. Just as a society like the United States has informal and formal norms .

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The gains from trade for the countries will grow significantly because of the mutual trading of agriculture products and cars.

<h3>What is the gains from trade?</h3>

When two countries agree to trade at beneficial terms by allowing one another to import good at a lower opportunity cost than the cost for them to produce the good domestically, then, there is a mutual gains from trade for both countries.

Majority of countries benefit from mutual trading because its increases competition and lowers world prices which provides benefits to consumers by raising the purchasing power of their own income.

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