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nikdorinn [45]
2 years ago
14

Two firms sell 100% orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all

the oranges produced in a large geographic area. Each firm decides how many bottles of juice to produce at the same time. This market is best described with a:_______.
A) Bertrand model.
B) Stackelberg model.
C) monopolistic competition model.
D) Cournot model.
Business
1 answer:
Feliz [49]2 years ago
7 0

Answer:

D. Cournot model.

Explanation:

This is explained to be a model pattern wherever 2 companies in most cases that are in duopoly are seen to provide a sort of product at the same time meeting a needed amount and most importantly severally as a kind of competition. As seen above, that was the case of the two firns in the above question. Founding economist fathers has explained that if a game contains a continuous strategy set then it's not forever simple to depict the strategic kind and outcome matrix is an in depth kind as a tree. so as to gift Cournot game, new notation are going to be helpful if a game contains a continuous strategy.

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Answer:

competition                  

Explanation:      

In simple words, competition refers to the tendency of two or more parties to perform better than one another for the sake of own personal benefits. In business, competition can be done from various perspectives like price or quality.

In the given case, Jeff has been producing at a lower cost but despite of earning high profits he is willing to sell for lower prices with the motive of competing in the market and gaining higher market share.

6 0
2 years ago
THANK YOU GUYS FOR ALL THE HELP
photoshop1234 [79]
I just answered this to get a point sorry ☺
3 0
3 years ago
One of two office clerks in a small company prepares a sales invoice for $4,300; however, the invoice is incorrectly entered by
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Answer: <u><em>C. Using predetermined totals to control posting routines.</em></u>

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4 0
3 years ago
The fundamental economic problem is meeting people’s virtually unlimited needs and wants with limited resources.Question 3 optio
Solnce55 [7]

Answer:

The correct answer is: True.

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7 0
3 years ago
Beach Surf Boards is making a decision on whether to add long boards as a new product line to complement its short boards. A rec
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Answer:

profit increase by 750 dollars

Explanation:

We must base our analisys considering only the loan board associated cost:

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4 0
3 years ago
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