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EMERGENCY!!!! An american firm and a Bristish firm are the sole competitors in the European market for some homegeneous good. Competition takes place as in

EMERGENCY!!!!

An american firm and a Bristish firm are the sole competitors in the European market for some homegeneous good. Competition takes place as in the cournet model. Suppose the dollar appreciates with respect to the pound. Using reaction curve, analyse how this affect the market share of each firm.

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