Question: What does a firm's reaction function demonstrate? Question 5 options: Its output level will stay constant if the other firm's output increases Its output level

What does a firm's reaction function demonstrate? Question 5 options: Its output level will stay constant if the other firm's output increases Its output level will stay constant if the other firm's output decreases Its output level will increase if the other firm's output decreases Its output level will increase if the other firm's output increases

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