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QUESTION
In a two-firm oligopoly that has decided to jointly maximize profits, we would expect that the output: Would be split fifty-fifty. Would be greater...
In a two-firm oligopoly that has decided to jointly maximize profits, we would expect that the output:Would be split fifty-fifty.Would be greater than the monopoly quantity.Would be set where the sum of their MC's equals to the industry's MR.Would be determined by a federal mediator.
