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-Refer to Table 10 -2

Question 8

Multiple Choice

-Refer to Table 10 -2. Is a situation in which Coke produces a low quantity and Pepsi's produces a high quantity an equilibrium? A) Yes, because each is not earning its highest profit. B) No, because Coke has an incentive to produce a high quantity. C) No, because Pepsi has an incentive to produce a low quantity. D) Yes, because each is earning its highest profit.
-Refer to Table 10 -2. Is a situation in which Coke produces a low quantity and Pepsi's produces a high quantity an equilibrium?


A) Yes, because each is not earning its highest profit.
B) No, because Coke has an incentive to produce a high quantity.
C) No, because Pepsi has an incentive to produce a low quantity.
D) Yes, because each is earning its highest profit.

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