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tuggy tuggy
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7 years ago
In a duopoly with homogeneous products, the best response of a firm is to charge a lower price than its rival as long as ________.
A) the rival's price is above marginal cost
B) the rival's price is below marginal cost
C) the rival's price is above average cost
D) the rival's price is below average cost
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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7 years ago
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tuggy Author
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7 years ago
Good timing, thanks!
bioc
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