Which of the following is not a quantity-setting oligopoly model?
A)Stackelberg.
B)Cournot.
C)Bertrand.
D)All of the choices are quantity setting models.

Question

Quizplus · Accepted Answer

The Bertrand model is a price-setting oligopoly model, where firms compete by setting prices rather than quantities. The other models listed (Stackelberg and Cournot) are both quantity-setting models. Therefore, the correct answer is C.

Which of the Following Is Not a Quantity-Setting Oligopoly Model