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5. Based on your understanding of the logic and insights of the Cournot model, which of the following changes to the basic model would likely

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5. Based on your understanding of the logic and insights of the Cournot model, which of the following changes to the basic model would likely not reduce the profitability of firms in equilibrium? a. Raising the firms' fixed costs b. Reducing the number of firms c. Reducing industry demand d. Adding to the model an assumption of free entry and exit of identical firms

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