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Question
The payoff matrix shows all of the following EXCEPT
A) if both oligopolists choose a high price, each makes $6 million.
B) if they both choose a low price, each makes $4 million.
C) if one chooses a low price and the other doesnʹt, the low priced firm will make $8 million.
D) if one oligopolist chooses a high price and the other doesnʹt, the high -priced firm makes $8 million.
Answer
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