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Economics

If the number of firms in the market under Cournot competition increases:

the market price and quantity will stay the same.

the market price will decrease due to the increased competition, but the market quantity will stay the same.

the market price will decrease and the market quantity will increase.

the market price will stay the same, but the market quantity will increase, since there are more firms producing the good.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708516

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