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Which of the following is not true for the Cournot model? Answers: a) ll assumes no collusion by Its equilibrium is consistent with the Nash

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Which of the following is not true for the Cournot model? Answers: a) ll assumes no collusion by Its equilibrium is consistent with the Nash equilibrium c) One firm is a loader, and makes decision before Its rival firms do d; it is applicable to either homogeneous or differentiated producl case

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