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Consider the manufacturing industry for Class C recreational vehicles. These are motor vehicles with living quarters. Two firms, Forest River and Jayco, compete for consumers
Consider the manufacturing industry for Class C recreational vehicles. These are motor vehicles with living quarters. Two firms, Forest River and Jayco, compete for consumers who view the recreational vehicle produced by either firm as the same. When modeling oligopoly competition within this industry, explain whether you would assume Bertrand or Cournot behavior.
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