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TBChap009 - Chapter 09 Creating and Maintaining Alliances...

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Chapter 09 Creating and Maintaining Alliances Multiple Choice Questions 1. The Cournot theory of oligopoly assumes rivals will: A. keep their output constant. B. increase their output whenever a firm increases its output. C. decrease output whenever a firm increases its output. D. follow the learning curve. 2. Which of the following is true? 3. In a Sweezy Oligopoly, a decrease in a firm's marginal cost generally leads to: 9- 1 X
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4. The Bertrand model of oligopoly reveals that: 5. Which of the following are quantity-setting oligopoly models? A. Stackelber g. B. Courno t. C. Bertran d. D. Stackelberg and Cournot. 6. Which of the following are price-setting oligopoly models? D. Cournot and Stackelberg. 7. Both firms in a Cournot duopoly would enjoy higher profits if: 9- 2 X
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8. Which of the following is NOT a feature of Sweezy oligopoly?
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