If One Firm in a Duopoly Increases Its Production by One

question 211

Multiple Choice

If one firm in a duopoly increases its production by one unit beyond the monopoly output,that firm's profit ________,the other firm's profit ________,and the total profit of the duopoly ________.

• A) increases; increases; increases
• B) does not change; does not change; does not change
• C) increases; decreases; does not change
• D) increases; does not change; increases
• E) increases; decreases; decreases

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Definitions:

Prognosis

Prognosis is the likely outcome or course of a disease, often regarding the chances of recovery.

Schizophrenia

A serious psychiatric disorder highlighted by abnormalities in reasoning, sensing, emotional state, expression, self-awareness, and activities.

Onset

The beginning or start of something, often used in the context of symptoms or diseases.

Positive Symptoms

In psychiatry, symptoms that add to the normal behavior or experience, such as hallucinations or delusions.