The price in Cournot, Stackelberg, multiplant monopoly, and monopoly are different. Which market would the Department of Justice most prefer? Explain.

Respuesta :

The market that the Department of Justice would most prefer is price in Cournot.

What kind of market is the Cournot duopoly model?

Cournot duopoly is known to be Cournot competition. This is said to be a model which is made up of imperfect competition as two firms that has identical cost functions are said to compete with other homogeneous products.

The market that the Department of Justice would most prefer is price in Cournot. because there is a level of competition in their market and as such similar product can stand a chance in it.

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