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  3. firms 1 and 2 compete in a cournot duopoly. if fir

Firms 1 and 2 compete in a Cournot duopoly. If firm 1 adopts a strategy...

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Firms 1 and 2 compete in a Cournot duopoly. If firm 1 adopts a strategy that raises firm 2's marginal cost, Multiple Choice firm 1 will lose market share yet enjoy higher profits and firm 2 will increase its output. firm 1 will lose market share. firm 2 will increase its output. firm 1 will enjoy higher profits

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