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a. assume that rival firms will keep their production constant.
b. produce the quantity where marginal revenue equals marginal cost.
c. respond to changes in production by rival firms by adjusting its production.
d. All of the above are correct.
I choose option d .......................................................................................
d. All of the above are correct. .................................................................................
.......... produce the quantity where marginal revenue equals marginal cost.
My answer is also option (D)
Option " D " Is My Answer ............
The answer is : Option ( d )
answer d -----------------------------------------------------------------
(D) Thank You.
d. All of the above are correct
D. all the above are correct, because
Cournot model is an economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide on independently of each other and at the same time
