If Happy Cleaners and Sparkle Cleaners Are in a Cournot

question 12

Multiple Choice

If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce than Sparkle Cleaners and charge a price that is _ Sparkle Cleaners.

• A)less; greater than
• B)more; the same as
• C)more; less than
• D)less; the same as

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