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According to the Information Provided, as the Production Level Deviates

Question 127

Multiple Choice

According to the information provided, as the production level deviates from the agreed-upon quantity, the total profit earned collectively by the two countries:


A) falls
B) falls, as long as production levels are greater than the Nash equilibrium
C) falls, as long as production levels are equal to the Nash equilibrium
D) falls, as long as production levels are greater than the competitive equilibrium

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