According to Chamberlin's approach to duopoly, he believed that the two firms would recognize that they are mutually interdependent on each other and the firms will work together to maximize joint profits.

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Chamberlin's approach to duopoly suggests that firms recognize their mutual interdependence and may act cooperatively to maximize joint profits, rather than competing aggressively.

According to Chamberlin's Approach to Duopoly, He Believed That the Two