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Suppose that in a particular geographic market the pacifier industry is characterized by six firms producing identical pacifiers. Firm 1 has 50% of the market,

Suppose that in a particular geographic market the pacifier industry is characterized by six firms producing identical pacifiers. Firm 1 has 50% of the market, firm 2 has 10 % and the remaining market is equally shared by the other firms. Based on the above information

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