If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce than Sparkle Cleaners and charge a price that is _ Sparkle Cleaners.
A) less; greater than
B) more; the same as
C) more; less than
D) less; the same as
Correct Answer:
Verified
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