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a. minimize its average cost of production.
b. establish a credible deterrent to the entry of competing firms.
c. take advantage of a dominant strategy in a prisoners' dilemma.
d. attain a Nash equilibrium and avoid repeated games.
The answer is : Option ( B )
that's B __________________________________________
b. establish a credible deterrent to the entry of competing firms.. ..........................................................................................
My answer is an option (B)
b. establish a credible deterrent to the entry of competing firms
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