Miscellaneous Quiz / Oligopoly and Game Theory

Random Miscellaneous or Board Games Quiz

QUIZ: Can you name the Oligopoly and Game Theory?

Quiz not verified by Sporcle

Also try: What's in Between
Score 0/12 Timer 15:00
In this game model the leader firm picks its output level and then other firms are free to choose their optimal quantities given their knowledge of the leaders output.
Competitive firms have no choice but to set quantity created so that profit is
Game model in which a firm assesses its decision based on what a competitive firm chooses. It becomes a monopolist of residual demand.
In this game model, firms set price rather than output.
This uses formal models to analyze conflict and cooperation b etween players.
Monopolistic firms set quantity so that Marginal Revenue =
Function that a firm would use in Cournot Model in order maximize profit.
If one strategy dominates all other strategies regardless of the actions chosen by rival firms, it is the _________
If two firms in Bertrand model have identical products and consumers are indifferent between the two equilibrium price for both must equal
a small number of firms acting independently but aware of one another's existence. (They cannot ignore each other)
In the Stackelburg model the residual demand curve becomes the followers __________
Equilibrium Concept in which holding the strategies of all other firms constand no firm can obtain a higher payoff (profit) by choosing a different strategy. (no firm wants to chan

You're not logged in!

Compare scores with friends on all Sporcle quizzes.
Sign Up with Email
Log In

You Might Also Like...

Show Comments


Top Quizzes Today

Score Distribution

Your Account Isn't Verified!

In order to create a playlist on Sporcle, you need to verify the email address you used during registration. Go to your Sporcle Settings to finish the process.