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16 4 points If both firms release seven units each onto market which of the following will be TRUE (Hint: Test how their profit changes
16 4 points If both firms release seven units each onto market which of the following will be TRUE (Hint: Test how their profit changes assuming no fixed costs if their behavior changes assuming the other player does not change) There will be 14 total units released onto the market. This represents an equilibrium There will be 14 total units released onto the market. Given what the other firm did in the last period, the firm would want to reduce its quantity. O There will be 14 total units released onto the market. Given what the other firm did in the last period, the firm would want to increase Its quantity
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