Homogenous firm and down sloping market demand

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Reference no: EM131393018

1. In a Cournot duopoly with homogenous firm and down sloping market demand,

A The firm that sets the higher quanity will capture all of the market

B The Nash equilibrium is the competitive outcome

C Both firms set price above marginal cost

D All of the above

2. In a Bertrand duopoly with homogenous firm and down sloping market demand,

A The firm that sets the lower price will capture all of the market

B The Nash equilibrium is the competitive outcome

C Both firms set price equal to marginal cost

D All of the above

Reference no: EM131393018

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