If Both Firms in a Duopoly Increase Their Production by One

question 34

Multiple Choice

If both firms in a duopoly increase their production by one unit beyond the monopoly output,each firm's profit ________ and the total profit of the duopoly ________.

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

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