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How do you define efficiency in the Cournot competition with two firms and different marginal production costs Would the efficiency be improved if the two firms are merged Why or why not Please

How do you define efficiency in the Cournot competition with two firms and different marginal production costs? Would the efficiency be improved if the two firms are merged? Why or why not? Please explain your answer in detail.

Apr 05 2020 View more View Less

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