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Satsume Satsume
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7 years ago
What is true of equilibrium in the game in Scenario 13.14?
A) In equilibrium, both firms choose Q = 50.
B) In equilibrium, both firms choose Q = 100.
C) There are two equilibria, at Q = 50 and at Q = 100.
D) The only equilibrium is in mixed strategies.
E) The two equilibria are those associated with the (40,30) outcome and the (30,40) outcome.
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Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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7 years ago
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