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प्रश्न
Why is there no single, stable demand curve for each firm in a duopoly?
विकल्प
Demand never changes in any market
Price is always fixed by the government
Demand depends on the rival firm’s behaviour
Consumers do not respond to prices
MCQ
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उत्तर
Demand depends on the rival firm’s behaviour
Explanation:
The demand for each firm’s product changes when the rival changes its price, output, or advertising, so one fixed demand curve is not possible.
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