[Solved] 1.A firm's best response a.Is a firms mos

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1.A firm's best response a.Is a firms most instant choice given the actions of its rivals? b.Is selected by one firm in a Nash equilibrium

1.A firm's best response

a.Is a firms most instant choice given the actions of its rivals?

b.Is selected by one firm in a Nash equilibrium

c.Is always the option with the highest price for each firm

d.Is a firms most profitable choice given the action of its rivals?

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