If duopolists individually pursue their own self-interest when deciding how much to produce,how will the amount they produce collectively compare with the monopoly quantity
A)It will be less than the monopoly quantity.
B)It will be equal to the monopoly quantity.
C)It will be greater than the monopoly quantity.
D)It will be unrelated to the monopoly quantity.

Question

Quizplus · Accepted Answer

When duopolists pursue their own self-interest, they tend to produce more than the monopoly quantity because each firm tries to capture a larger market share, leading to a total output that exceeds the monopoly level.

If Duopolists Individually Pursue Their Own Self-Interest When Deciding How