A new firm successfully enters a three-firm cournot, Ask an Expert

Economics

A new firm successfully enters a three-firm Cournot oligopoly without changing the demand and cost structures. The new price becomes:

A. 75 percent of the original price.

B. 50 percent of the original price.

C. the same as the original price.

D. unknown for lack of other information.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696871

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