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Firms 1 and 2 compete in a Cournot duopoly.If firm 2 adopts a strategy that raises firm 1's marginal cost:
Expert Power
The influence one possesses as a result of experience, special skill, or knowledge, which others see as valuable.
Social Power
Pertains to the ability of an individual or group to influence the behavior of others within a social structure.
Expert Power
The influence one holds as a result of one's expertise, skill, or knowledge.
Interpersonal Power
The ability of an individual to influence the behavior of others in a social context.
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