SAMPLE Multiple Choice
1. Which of the following statements regarding oligopoly models is TRUE?
a. We will get similar outcomes regarding quantity and price in the Cournot Model and the Bertrand Model
(with identical products) as the number of firms in th
1. Consider the following management/union. Suppose the union is bargaining with management over the
division of profits. Assume that the period of production lasts 11 periods and that profits are $10 per day.