In a Cournot oligopoly, the total profit is less when two firms compete compared to the cartel profits.

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In a Cournot oligopoly, firms compete by setting their output quantity, which leads to a lower level of total profits compared to the monopoly profits of a cartel where firms collude to set the output and price level. Therefore, the total profit is less when two firms compete compared to the cartel profits.

In a Cournot Oligopoly, the Total Profit Is Less When