What is the potential outcome of a price war in... - SS2 Economics Price And Quantity Determination Under Duopoly Question
What is the potential outcome of a price war in a duopoly?
A
Both firms earn a higher profit
B
Both firms earn a lower profit
C
One firm earns a higher profit and the other earns a lower profit
D
Both firms earn the same profit as in a Nash equilibrium
correct option: b
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