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Two firms compete with each other selling normal goods in a market vertically differentiated on price. Firm A sells 1000 units at a price of
Two firms compete with each other selling normal goods in a market vertically differentiated on price. Firm A sells 1000 units at a price of $500 and Firm B sells 500 units at a price of $1000. The revenue-based market share for Firm A is the same as the revenue-based market share for Firm B.
a. TRUE
b. FALSE
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