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a. Consider a duopoly in which firms choose how much to produce and the price is determined by market demand. How does the order in
a. Consider a duopoly in which firms choose how much to produce and the price is determined by market demand. How does the order in which firms decide their quantities affect the equilibrium outcome? What is the reason behind it? Explain it both mathematically and intuitively
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
