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When an oligopoly is in a nash equilibrium, a. firms have colluded to set their prices. b. a firm will not take into account the strategies of its rivals. c. firms will not behave as profit maximizers. d. a firm will choose its best pricing strategy, given the strategies that it observes other firms have taken.
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When an oligopoly is in a nash equilibrium, a. firms have colluded to set their prices. b. a firm wi...
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