In a Duopoly Situation, the Logic of Self-Interest Results in a Total

question 78

Multiple Choice

In a duopoly situation, the logic of self-interest results in a total output level that

• A)equals the output level that would prevail in a competitive market.
• B)equals the output level that would prevail in a monopoly.
• C)exceeds the monopoly level of output, but falls short of the competitive level of output.
• D)falls short of the monopoly level of output.

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