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tuggy tuggy
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7 years ago
If firms in a duopoly with homogeneous products compete on price, a Nash equilibrium is reached when each firm charges a price ________.
A) equal to its average cost
B) higher than its average cost
C) equal to its marginal cost
D) lower than its marginal cost
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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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#2
7 years ago
Thanks for helping on my microeconomics tutorial
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