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Consider the following two firms operating in a duopoly market in which the profit payoffs for each firm is according to the quantity they produce

Consider the following two firms operating in a duopoly market in which the profit payoffs for each firm is according to the quantity they produce together with the other firm.

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Firm A produces 10,000 Film A produces 15 000 Firm B produces 10,000 Firm A: profit $8 million Firm A: profit $10 million Firm B: profit $8 million Firm B profit $7 million Firm B produces 15,000 Firm A: profit $7 million Firm A: profit $5 million Firm B: profit $10 million Firm B: profit $5 million Firm A produces 10,000 Firm A produces 12,000 Firm B produces 10,000 Firm A: profit $8 million Firm A: profit $10 million Firm B: profit $6 million Firm B: profit $5 million Firm B produces 12,000 Firm A: profit $6 million Firm A: profit $5 million Firm B: profit $6 million Firm B: profit $6 million

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