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Cooperative outcome Assignment | Custom Assignment Help

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a)    What is the cooperative outcome? Would the firms make more economic profit if they collude to achieve the cooperative outcome? b)    Describe the characteristics of an oligopoly. c)     What market structures other than oligopoly have the characteristic of one firm’s actions affecting the actions of its competitors? Explain your answer. d)    “If firms in duopoly collude and operate as a monopoly, the industry produces more output compared to …

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