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:

Technical Updates

Improvements or changes made to a product or system’s technical aspects or functionalities.

User-generated Content

Content created and shared by consumers or users of a platform, rather than by the platform or company itself.

Commercial Profit

The financial gain earned from business activities after deducting all expenses.

Public

Refers to the general population or the community as a whole.