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You are the manager of a firm operating in a differentiated-product oligopoly. Show graphically your optimal response to an increase in marginal cost if A)

You are the manager of a firm operating in a differentiated-product oligopoly. Show graphically your

optimal response to an increase in marginal cost if

A) You believe rivals will follow price reductions but not price increases.

B). You believe rivals will follow price increases but not price decreases.

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