Output in a Cournot duopoly is at a level between that in perfect competition and monopolistic competition.

Name: Output in a Cournot duopoly is at a level between that in perfect competition and monopolistic competition.
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In a Cournot duopoly, output is between that of a monopoly and perfect competition, not monopolistic competition. Monopolistic competition involves many firms with differentiated products, which is different from the Cournot model's assumption of an oligopoly with few firms.

Output in a Cournot Duopoly Is at a Level Between