Scenario A: Provide a real-world example of a market that approximates each oligopoly setting, and explain your reasoning for the following: Cournot oligopoly Stackelberg oligopoly Bertrand oligopoly

A) The Cournot oligopoly refers to which does not address the issue of prices, in this type of oligopoly market the competitive companies must decide the Quantity of Output. Cournot oligopoly is when there are few firms in the market serving large co…View the full answer