Changing the demand and cost structures

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Reference no: EM13987007

A new firm successfully enters a three-firm Cournot oligopoly without changing the demand and cost structures. The new price becomes:

A. 75 percent of the original price.

B. 50 percent of the original price.

C. the same as the original price.

D. unknown for lack of other information.

Reference no: EM13987007

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