Question: When two identical firms split the monopoly quantity equally: Group of answer choices We have a Cournot-Nash equilibrium because together the firms earn the highest
When two identical firms split the monopoly quantity equally: Group of answer choices We have a Cournot-Nash equilibrium because together the firms earn the highest profit possible. We do not have a Cournot-Nash equilibrium because together the firms do not earn the highest profit possible. We have a Cournot-Nash equilibrium because no firm has an incentive to deviate, given the quantity produced by the other firm. We do not have a Cournot-Nash equilibrium because each firm has an incentive to deviate, given the quantity produced by the other firm
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