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Consider an oligopoly in which firms choose how much to produce and the price is determined by market demand. Explain in detail what are the
Consider an oligopoly in which firms choose how much to produce and the price is determined by market demand. Explain in detail what are the consequences of assuming that firms decide their quantities simultaneously and those of assuming that they choose them sequentially. Explain, formally and intuitively, the reason behind the difference in such consequences
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
