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Which Game Does the Cournot Model Most Resemble and Why

Question 24

Multiple Choice

Which game does the Cournot model most resemble and why?


A) the Battle of the Sexes because firms need to coordinate their outputs.
B) the Battle of the Sexes because firms disagree on which outcome is best.
C) the Prisoners Dilemma because firms don't maximize joint payoffs in equilibrium.
D) the Prisoners Dilemma because firms play dominant strategies.

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