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Refer to the Following Figure Showing the Reaction Functions of Oligopoly

Question 3

Multiple Choice

Refer to the following figure showing the reaction functions of oligopoly firms A and B. Refer to the following figure showing the reaction functions of oligopoly firms A and B. If firm B expects firm A will run 2 ads,then firm B should run _____ ads in order to maximize its own profit. A) 1 B) 3 C) 5 D) 6 E) 7 If firm B expects firm A will run 2 ads,then firm B should run _____ ads in order to maximize its own profit.


A) 1
B) 3
C) 5
D) 6
E) 7

Correct Answer:

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