Chapter 9

Across: 9. What firm differ decisions

model is with respect .
3. Refers to a to when they
situation 4. An
made oligopoly
where there decisions . market
are only few
19. A compose
large firms
d of two
in an
firms
industry..
6. They take
5. What curve 19
as given
use in
the
Cournot
output of
oligopoly to 12. A cost the leader
summarize that is and
the profits of forever choose
a firm lost outputs
. after it that
8. They are the has been Down: maximiz
who will get paid e
all the 13. A 1. It is an act of
incumbent’s market firm
customers in which whenever the
by charging all firms market is
the lower have dominated by
price, access only few firm
knowing to same can benefit at
that the technolo the expense
incumbents gy and of consumer
by agreeing
N
cannot there are
to restrict 11. It is an
quickly no sunk
output . existing
respond to costs. firms in
the lowering 2. What model
17. A type the
of their is relevant for
of market
price. decision
oligopol where
y when making when have no
make output
 market power firm has output given 15. Who
over an the other chooses
consumers. incentiv firm’s output an output
14. A situation in e to in Cournot before all
which neither change Oligopoly other
its firms

probably the ______war profits given the choose

best tool to use when the leader’s output in their
in formulating price of stackelberg outputs in
your pricing each firm oligopoly. stackelberg
decisions. charged 7. A type of oligopoly .
10. what view is equaled oligopoly that in 16. What is the
desirable in marginal undesirable it demand
Bertrand cause leads to zero when there
oligopoly. economic profit is a price
even they are change and
only two firms in the rivals
the market. did match.
8. What is the 18. A function
demand when that defines
there is a price the profit-
change and the maximizing
rivals did not level of
match output for a
firm for a
given
output level
of another
item
Chapter 9
Across: 9. What oligopoly making
model is when firm when
3. Refers to a differ with make
situation I
respect to output
where there when they decisions
are only few B made .
large firms decisions .
in an 4. An
R 19. A oligopoly
industry..
market
5. What curve R S T compose
I
use in T d of two
Cournot 19
firms
oligopoly to U P R I C E
6. They take
summarize C as given
the profits of M
the
a firm 12. A cost
output of
. that is
the leader
8. They are the forever
and
who will get lost
choose
all the after it Down: outputs
incumbent’s has been
that
customers paid 1. It is an act of maximiz
by charging 13. A firm e
the lower market whenever the
price, in which market is C
knowing all firms dominated by
that the have only few firm T
incumbents access can benefit at
cannot to same the expense
I
quickly technolo of consumer
respond to gy and by agreeing
the lowering there are to restrict O
of their no sunk output .
price. costs. 2. What model N
17. A type is relevant for 11. It is an
of decision existing
 firms in the 14. A e to change 15. Who
market where situation its output chooses
have no in which given the an output
market power neither other firm’s before all
over firm has output in other
consumers. an Cournot firms
incentiv Oligopoly

probably the ______war profits given the choose

best tool to use when the leader’s output in their
in formulating price of stackelberg outputs in
your pricing each firm oligopoly. stackelberg
decisions. charged 7. A type of oligopoly .
10. what view is equaled oligopoly that in 16. What is the
desirable in marginal undesirable it demand
Bertrand cause leads to zero when there
oligopoly. economic profit is a price
even they are change and
only two firms in the rivals
the market. did match.
8. What is the 18. A function
demand when that defines
there is a price the profit-
change and the maximizing
rivals did not level of
match output for a
firm for a
given
output level
of another
item