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Business, 13.11.2020 16:50 jesh0975556

The Cournot theory of oligopoly is based on the assumption that each firm believes that rivals will:. a. keep their output constant if it changes its output.
b. increase their output whenever it increases its output.
c. decrease their output whenever it increases its output.
d. randomly change output whenever it changes its output.

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The Cournot theory of oligopoly is based on the assumption that each firm believes that rivals will:...
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