Consider an oligopoly in which firms choose how much to produce and the price is determined by

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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 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

Posted Date: Jun 12, 2024 04:05 PM

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Consider an oligopoly in which firms choose how much to produce and the price is determined by

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