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You've just opened your new firm,Firm Alpha,but you've just discovered you have an identical rival firm, Firm Beta. Since you produce the supplies in house,
You've just opened your new firm,Firm Alpha,but you've just discovered you have an identical rival firm, Firm Beta. Since you produce the supplies in house, you are ready to produce before your rival. If you wanted to maximize your profits, should you set your quantity first, let your rival set their quantity first, or both of you set your product at the same time?
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