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Suppose that two firms with zero marginal costs are facing the inverse demand P=240-Q. Show that it is more advantageous to be the leader and
Suppose that two firms with zero marginal costs are facing the inverse demand P=240-Q. Show that it is more advantageous to be the leader and announce your output decision first
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
