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Using a graph compare and contrast the effect of a

1. Using a graph, compare and contrast the effect of a reduction in the marginal cost of a Cournot competitor when products are homogenous with a Bertrand competitor that produces a differen- tiated product.

2. What does the model of Kreps and Scheinkman imply about the relationship between capacity constraints and behavior in a market?

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Basic Statistics: Using a graph compare and contrast the effect of a

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