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Figure: Monopoly Profits in Duopoly
-(Figure: Monopoly Profits in Duopoly) The efficient solution in the figure Monopoly Profits in Duopoly is found where price is _____ and quantity is _____.

Question

Use the following to answer questions:
Figure: Monopoly Profits in Duopoly

-(Figure: Monopoly Profits in Duopoly) The efficient solution in the figure Monopoly Profits in Duopoly is found where price is _____ and quantity is _____.

Quizplus · Accepted Answer

The efficient solution in a duopoly is where the price is lower and quantity is higher, which is typically at the competitive equilibrium.

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