=+In each round, you and your competitor announce your outputs at the same time. You want to

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=+In each round, you and your competitor announce your outputs at the same time. You want to maximize the sum of your profits over the 10 rounds.

How much will you produce in the first round?

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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