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Loraine Loraine
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8 years ago
Imagine a duopoly in which two firms, A and B, produce the monopoly profit-maximizing output and equally share the economic profit. If firm A increases output,
A) both firms' profits increase.
B) firm A's profits increase and firm B's profits decrease.
C) firm B's profits increase and firm A's profits decrease.
D) both firms' profits decrease.
E) firm A's profits increase and firm B's profits do not change.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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8 years ago
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Loraine Author
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8 years ago
Thank you, thank you, thank you!
Goku935
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Helped a lot
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You make an excellent tutor!
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