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Eduncle posted an MCQ
October 20, 2019 • 16:01 pm 0 points
  • UGC NET
  • Economics

Which of the following features belong to Cournots' model of duopoly ?

Which of the following features belong to Cournots? model of duopoly ? (a) It yields determinate and stable equilibrium for the duopolists (b) It is an adequate representation of Nash equilibrium (c) If the duopolists combine to form a monopoly, the price changed by them will be less than the equilibrium price without their combining together.

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