Question

Arrange the following models in a chronological order oldest to latest: A. Cournot's Model, B. Bertrand Model, C. Edgeworth Model, D. Chamberlin Model, E. Sweezy Kinked Demand Curve.

• A. A, B, C, D, E
• B. A, B, D, C, E
• C. A, C, B, D, E
• D. A, C, D, B, E

Hint:

For oligopoly models, remember: Cournot comes first, followed by Bertrand and Edgeworth, then later Chamberlin and Sweezy.

Answer 1

The Correct Option is A