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Refer to the Following Figure Showing the Reaction Functions of Oligopoly

Question 31

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. In Nash equilibrium, A) firm A runs 4 ads and firm B runs 7 ads. B) firm A runs 7 ads and firm B runs 4 ads. C) firm A runs 2 ads and firm B runs 2 ads. D) firm A runs 3 ads and firm B runs 5 ads. E) none of the above. In Nash equilibrium,


A) firm A runs 4 ads and firm B runs 7 ads.
B) firm A runs 7 ads and firm B runs 4 ads.
C) firm A runs 2 ads and firm B runs 2 ads.
D) firm A runs 3 ads and firm B runs 5 ads.
E) none of the above.

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