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With Price Matching Plus 10% of the Difference the Equilibrium

Question 191

Multiple Choice

With price matching plus 10% of the difference the equilibrium will occur when:


A) both firms set the price at the high price.
B) firm A sets the price at the high price, and firm B sets the price at the low price.
C) firm A sets the price at the low price, and firm B sets the price at the low price.
D) both firms set the price at the low price.

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