What is the fundamental difference among the Cournot, Bertrand, and Stackelberg models of oligopoly?

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:23 AM

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What is the fundamental difference among the Cournot, Bertrand, and Stackelberg models of oligopoly?

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The models differ in their assumptions about firm behavior The Carnot model assumes f...View the full answer

Microeconomics and Behavior

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