Question
We have two firms with identical MC=60. Only Firm 2 has to pay a fixed cost of 225. Market demand is p = 100 x.
We have two firms with identical MC=60. Only Firm 2 has to pay a fixed cost of 225. Market demand is p = 100 x. What is Firm 2's best response to Firm 1 choosing 20? Assume long-run
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
