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If there exists two firms who are identical in terms of their production costs decided to cooperate (an oligopoly market), what should they do to

If there exists two firms who are identical in terms of their production costs decided to cooperate (an oligopoly market), what should they do to maximise industry profits? How does your answer change if the two firms have different costs of production? If you are supposedly a consultant from the government that wants the best for the people, how would you view the proposed cooperation between firm 1 and firm 2?

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