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In an industry with symmetric firms and constant marginal costs, which of the fol- lowing statements about Cournot competition is true? (a) Increasing the number

In an industry with symmetric firms and constant marginal costs, which of the fol- lowing statements about Cournot competition is true? (a) Increasing the number of firms increases per-firm profits (b) Increasing the number of firms increases industry profits (c) Increasing the number of firms keeps industry profits constant (d) Increasing the number of firms reduces industry profits

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