Which of the following is FALSE in the Stackelberg model?
A. |
the first firm produces more than its rival |
|
B. |
the firms produce different quantities |
|
C. |
the firms produce sequentially |
|
D. |
Both firms have a reaction curve |
C
Stackelberg Model features:-
The first firm produces more than its rivals.
The firm produces different quantities.
The firm produces simultaneously.
Both products have reaction curves.
Hence option C is FALSE.
Which of the following is FALSE in the Stackelberg model? A. the first firm produces more...
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