question archive Indicate whether each statement below is true or false, and justify your answer ____The Cournot oligopoly model is not useful for analysing competitionamong firms because (i) firms normally choose prices, not quantities, and (ii) firmsnormally do not make their decisions simultaneously
Subject:EconomicsPrice: Bought3
Indicate whether each statement below is true or false, and justify your answer
____The Cournot oligopoly model is not useful for analysing competitionamong firms because (i) firms normally choose prices, not quantities, and (ii) firmsnormally do not make their decisions simultaneously