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Please assist with these questions (all if possible) If firm 1 chooses its output level first and then firm 2 responds to this choice, this

Please assist with these questions (all if possible)

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If firm 1 chooses its output level first and then firm 2 responds to this choice, this is called a simultaneous play game. Select one: True False An equilibrium is when each firm's input level is a best response to the other firm's input level. Select one: True O False At the profit-maximizing output level, the slopes of the revenue and total cost curves are not equal, that is; MR(y*)

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