The final step in the simultaneous-move quantity-setting duopoly game is

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The final step in the simultaneous-move quantity-setting duopoly game is for each firm to calculate its payoffs (profits) based on the output levels chosen by both firms. This step is necessary to determine the outcome of the game and identify which strategy would result in the highest profits for each firm. Therefore, choice C is the best choice. Choice A is incorrect as both firms already chose their output levels simultaneously in the previous step. Choice B is not always applicable as the demand curve may not always be available or may not provide a definitive price.

The Final Step in the Simultaneous-Move Quantity-Setting Duopoly Game Is