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If, Holding the Strategies of All Other Firms Constant, No

Question 29

Multiple Choice

If, holding the strategies of all other firms constant, no firm can obtain a higher profit by choosing a different strategy, then


A) the firms are using the Cournot model.
B) the firms' strategies are a Nash equilibrium.
C) the firms must have formed a cartel.
D) the firms are using the Bertrand model.

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