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If a firm can choose between setting a high price or a low price and the firm's dominant strategy is to choose low price, this
If a firm can choose between setting a high price or a low price and the firm's dominant strategy is to choose "low price," this means Group of answer choices all of the above choosing "low price" will always maximize that firm's individual gain relative to what other firms choose all firms in the market must choose "low price" as well to maximize total profit in the market choosing "low price" is always best for maximizing the welfare of all firms jointly in the market
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