Assume that each firm is free to set its production level


Assume that each firm is free to set its production level, but each firm can communicate (via the business press) what they plan to do first. Using an economic model, show that it might be difficult to sustain a cooperative (high-profit) outcome. What do you anticipate the impact of the entry of another producer

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Business Economics: Assume that each firm is free to set its production level
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