If Duopolists Can Enforce an Agreement, to Produce Collectively the Monopoly

question 28

Multiple Choice

If duopolists can enforce an agreement, to produce collectively the monopoly output and split the market between the two firms, then the sum of their output will be:

• A)be less than the monopoly quantity
• B)be greater than the monopoly quantity
• C)be equal to the monopoly quantity
• D)any of the above are possible

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