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Homework answers / question archive / In the Cournot model with firms A and B, if marginal cost of firm A increases, a) The output of firm A increases b) The total output gets closer to the output level of monopoly c) Market price decreases d) Market share of firm A increases
In the Cournot model with firms A and B, if marginal cost of firm A increases,
a) The output of firm A increases
b) The total output gets closer to the output level of monopoly
c) Market price decreases
d) Market share of firm A increases
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