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Explain how, in the Cournot model, the output of one firm depends on the output of other firms. Specifically in Figure 13.3, what will be
Explain how, in the Cournot
model, the output of one firm depends on the output of other firms. Specifically in Figure 13.3, what will be the output of Artesia if Utopia produces 32? If Utopia produces 48?
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