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When two firms compete in Cournot with different costs, we have that, in equilibrium: Group of answer choices A.The high cost firm produces more and
When two firms compete in Cournot with different costs, we have that, in equilibrium:
Group of answer choices
A.The high cost firm produces more and has higher profit.
B.The high cost firm produces less and has less profit.
C.The high cost firm produces more but has lower profit.
D.The high cost firm produces less but has higher profit.
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