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Otherwise identical markets

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Suppose there are two monopolists in separate, but otherwise identical markets (i.e. they face identical demand curves). The monopolists have the same variable costs, but Firm 1 has a larger xed cost. Assume that both rms decide to produce a positive amount. What is the relationship between the two rms output levels?

(a) Not enough information.
(b) q1 > q2
(c) q1 < q2
(d) q1 = q2

Reference no: EM131049376

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