Match List I with List II

LIST I

LIST II

A.

One firm sets its output before other firms do.

I.

Cournot Model

B.

Each firm correctly assumes how much its competitor will produce and sets its own production level

II

Betrand Model

C.

Firms are reluctant to change price even if costs or demand change

III.

Stacketberg Model

D.

Each firm treats the price of its competitors as fixed and all firms decide simultaneously what price to change.

IV.

Sweezy Model

Choose the correct answer from the options given below:

Question

LIST I		LIST II
A.	One firm sets its output before other firms do.	I.	Cournot Model
B.	Each firm correctly assumes how much its competitor will produce and sets its own production level	II	Betrand Model
C.	Firms are reluctant to change price even if costs or demand change	III.	Stacketberg Model
D.	Each firm treats the price of its competitors as fixed and all firms decide simultaneously what price to change.	IV.	Sweezy Model