Scenario:
Determine whether each of the following scenarios best reflects features of Sweezy, Cournot, Stackelberg, or Bertrand oligopoly, and why?
i. Neither manager expects her own output decision to impact the other manager’s output decision.
ii. Each manager charges a price that is a best response to the rival’s price.
iii. The manager of one firm gets to observe the output of the rival firm before making its own output decision.
iv. Managers perceive that rival will match price reductions but not price increases.
