3. Why is the Cournot equilibrium price less than the monopoly price? Why is the Cournot equilibrium

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3. Why is the Cournot equilibrium price less than the monopoly price? Why is the Cournot equilibrium price greater than the perfectly competitive price?

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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