Question
In oligopoly, firms take decisions by making assumptions about their rivals' behaviour.
About which aspect of their rivals' behaviour would a firm make assumptions if it is acting according to the Cournot model?
Costs
Price
Employment
Output
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In oligopoly, firms take decisions by making assumptions about their rivals' behaviour. About which aspect of their rivals' behaviour would a firm make assumptions if it is acting according to the Cournot model? Costs Price Employment Output

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