Will price be lower if duopoly firms set price or if they set quantity? Under what conditions

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Will price be lower if duopoly firms set price or if they set quantity? Under what conditions can you give a definitive answer to this question?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 01:02 AM

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Will price be lower if duopoly firms set price or if they set quantity? Under what conditions

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If the firms produce homogeneous goo...View the full answer

Microeconomics Theory and Applications with Calculus

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