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

Bertrand model is a price-setting oligopoly model, whereas the other models, namely Stackelberg and Cournot models, are quantity-setting oligopoly models. Option D can be ruled out as it mentions that all choices are quantity-setting models, which is incorrect.

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