Economics (M.Phil./Ph.D.) 2016 Panjab University Entrance Exam With Answers

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20.

A model of Oligopoly in which one business sets output before the other business do is:

A: Cournot Oligopoly model
B: Bertrand Oligopoly model
C: Stackleberg Oligopoly model
D: Chamberlin Oligopoly model

The answer is: C