Which of one the following statements is correct?   A. The Cournot model is simply wrong because in the real world firms do make pricing decisions.   B. Only the Bertrand model can be right because in the real world firms do make pricing decisions.   C. The Cournot model can be justified as a reduced form of a dynamic game in which firms make decisions on quantities, which are followed by pricing decisions.   D. The Cournot model are justified because in all real world markets there are auctioneers who play the function of clearing the markets.

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