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Question
If two duopolists arrive at the Nash equilibrium output level, the total quantity of the good on the market will be ________ the total quantity on the market if the market were perfectly competitive and ________ the total quantity on the market if the market were controlled by a monopoly.
a. less than; less than
b. less than; greater than
c. greater than; greater than
d. greater than; less than
e. greater than; equal to
Answer
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Related questions
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