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choose go up /go down/not chnage BI and GG are the only producers in the market for gizmos and compete by setting prices. Suppose that
choose go up /go down/not chnage
BI and GG are the only producers in the market for gizmos and compete by setting prices. Suppose that leading safety experts begin to recommend that all home owners should replace their smoke detectors with gizmos. Then BI and GG's reaction functions will (go up/go down/not change) and the equilibrium quantities will (go up/go down/not change).
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