Two firms sell 100% orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all the oranges produced in a large geographic area. Each firm decides how many bottles of juice to produce at the same time. This market is best described with a:. A) Bertrand model.
B) Stackelberg model.
C) monopolistic competition model.
D) Cournot model.

D. Cournot model.

Explanation:

This is explained to be a model pattern wherever 2 companies in most cases that are in duopoly are seen to provide a sort of product at the same time meeting a needed amount and most importantly severally as a kind of competition. As seen above, that was the case of the two firns in the above question. Founding economist fathers has explained that if a game contains a continuous strategy set then it's not forever simple to depict the strategic kind and outcome matrix is an in depth kind as a tree. so as to gift Cournot game, new notation are going to be helpful if a game contains a continuous strategy.

answer; /// the best answer to the above question is; the main economic goal that a society consider when deciding the best way to distribute its wealth is equity, this to ensure that all resources are equally distributed; ///(a) (economic equity)

the interest will be $59.71

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