If a Certain Market Were a Monopoly,then the Monopolist Would

question 62

Multiple Choice

If a certain market were a monopoly,then the monopolist would maximize its profit by producing 1,000 units of output.If,instead,that market were a duopoly,then which of the following outcomes would be most likely if the duopolists successfully collude?

• A) Each duopolist produces 1,000 units of output.
• B) Each duopolist produces 600 units of output.
• C) One duopolist produces 400 units of output and the other produces 600 units of output.
• D) One duopolist produces 800 units of output and the other produces 400 units of output.

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