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| combined profits of two firms |
Raging |
03/11/04 |
i find this issue of combined profits of two firms selling complementary products rather confusing sir because will it be higher if they slect prices independtly which is my wild guess that it will or will it be higher if they co-operate to select optimal prices or does it not at all depend on whether they co-operate or not or will there always be an increase if they were to raise the price of both products?
thank you. |
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