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    Economics Principles and Policy Study Set 2
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    Exam 13: Between Competition and Monopoly
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    An Oligopoly Using a Maximin Strategy Must Believe That the Losses
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An Oligopoly Using a Maximin Strategy Must Believe That the Losses

Question 104

Question 104

True/False

An oligopoly using a maximin strategy must believe that the losses from underestimating a competitor's skill are worse than those from overestimating it.

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