In a Cournot oligopoly, managers determine quantity ________collusion and the managers at each firm believe that once their rival managers choose their quantity, they ________change it.

Question

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In a Cournot oligopoly, firms independently choose their output levels assuming their rivals' choices are fixed, meaning there is no collusion and firms do not change their quantities based on others' actions.

In a Cournot Oligopoly, Managers Determine Quantity ________Collusion and the Managers