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In the Cournot Model,a Firm Maximizes Profit by Selecting

Question 54

Multiple Choice

In the Cournot model,a firm maximizes profit by selecting


A) its output, assuming that other firms keep their output constant.
B) its price, assuming that other firms keep their price constant.
C) its output, assuming that other firms will retaliate.
D) its price, assuming that other firms will retaliate.

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