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Figure: Monopoly Profits in Duopoly
-(Figure: Monopoly Profits in Duopoly) Look at the figure Monopoly Profits in Duopoly. Each firm faces an identical demand curve, D₁,and the market demand curve is D₂. The figure illustrates how firms can reap monopoly profits even in an industry with:

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Figure: Monopoly Profits in Duopoly

-(Figure: Monopoly Profits in Duopoly) Look at the figure Monopoly Profits in Duopoly. Each firm faces an identical demand curve, D₁,and the market demand curve is D₂. The figure illustrates how firms can reap monopoly profits even in an industry with:

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In a duopoly, which consists of two firms, they can potentially collude or behave like a monopoly to maximize joint profits, allowing them to achieve monopoly-like profits.

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