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The Cournot Model Is Attractive for All of the Following

Question 39

Multiple Choice

The Cournot model is attractive for all of the following reasons except:


A) quantity per firm and price are constant for all markets with two or more firms.
B) it applies to all possible market structures.
C) quantity per firm increases and price decreases with the number of firms.
D) the monopoly and perfect competition models are special cases.

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