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You're setting up an Etsy - like business ( pick whatever business you want ) . Suppose there is only one other competitor for your
You're setting up an Etsylike business pick whatever business you want Suppose there is only one other competitor for your product. If we had to model your competition, would we say you're both choosing prices at the same time or would we say you're both choosing quantities at the same time? Does it matter?
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