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svetlana [45]
3 years ago
7

For each market listed below, determine whether it is best characterized as a Cournot oligopoly, Stackelberg oligopoly, or Bertr

and oligopoly.
a. Oil production. Each firm produces output independently and the market price is determined by the total amount produced.

i. Stackelberg oligopoly
ii. Cournot oligopoly
iii. Bertrand oligopoly
b. Diamond production. DeBeers is the leader that sets diamond production, and smaller firms follow with their own levels of production.

i. Stackelberg oligopoly ii. Cournot oligopoly iii. Bertrand oligopoly
c. Competitive bidding by identical contractors. The contractor bidding the lowest fee wins the contract

i. Cournot oligopoly
ii. Bertrand oligopoly
iii. Stackelberg oligopoly
Business
1 answer:
Semenov [28]3 years ago
3 0

Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly

Explanation:

Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.

Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.

Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.

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Answer:

The correct answer is letter "D": Development of brownfields in urban areas.

Explanation:

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Under such a scenario, <em>the development of brownfields in urban areas is the result of building more department complexes in the cities because of the increasing need for renting and selling houses as a result of the increasing population growth.</em>

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RoseWind [281]

Answer:

The middle class created a high and sustained demand  for consumer goods

Explanation:

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Montano1993 [528]

Answer:

get each individual to state the problem from his or her viewpoint.

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The following statement "the Renaissance began in Northern Italy because china took interest in increasing trade with this region and in developing northern Italy after its own models of society and government" is false.

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Italy was the birthplace of ancient civilization, therefore the Renaissance there began. It was in Italy, the cradle of the Roman Empire, that the Renaissance first emerged. The magnificent creations of Roman art and thought were momentarily lost after the fall of the empire in the 4th century and the ensuing dark ages.

To know more about Renaissance here

brainly.com/question/12142612

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