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Refer to the Following Figure

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Refer to the following figure:
Refer to the following figure:   Two firms, A and B, produce similar, but not identical, products.  BRA and BRB are, respectively, the reaction functions for firms A and B, which compete primarily by price. -A's best-response curve shows A)  all the Nash equilibrium prices that firm A can charge. B)  how firm B should react to any price set by A. C)  the price A should charge to maximize A's profits given each possible price that B might charge. D)  the price A should charge to maximize joint profits. E)  both c and d
Two firms, A and B, produce similar, but not identical, products. BRA and BRB are, respectively, the reaction functions for firms A and B, which compete primarily by price.
-A's best-response curve shows


A) all the Nash equilibrium prices that firm A can charge.
B) how firm B should react to any price set by A.
C) the price A should charge to maximize A's profits given each possible price that B might charge.
D) the price A should charge to maximize joint profits.
E) both c and d

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