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Two firms compete on quantities and need to choose their quantities to produce simultaneously.Which of the following is true? a.The outcome wil be pareto efficient
Two firms compete on quantities and need to choose their quantities to produce simultaneously.Which of the following is true?
a.The outcome wil be pareto efficient
b.The outcome is the same in the shared monopoly model
c.They will differentiate their costs
d.They will make less profit than if they acted as a monopoly
e.none of the above
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