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Exhibit 10.9 -Refer to Exhibit 10.9.Suppose Firm a and Firm B Are

Question 165

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Exhibit 10.9
Exhibit 10.9 -Refer to Exhibit 10.9.Suppose Firm A and Firm B are a duopoly in this market and the matrix shows the profit expected for different strategies.If both charge the low price and split the market,then each firm earns _____ profit a day. A) $20 B) $30 C) $50 D) $70 E) $100
-Refer to Exhibit 10.9.Suppose Firm A and Firm B are a duopoly in this market and the matrix shows the profit expected for different strategies.If both charge the low price and split the market,then each firm earns _____ profit a day.


A) $20
B) $30
C) $50
D) $70
E) $100

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