For a duopoly,what is the result of the logic of self-interest
A)The total output level equals the output level that would prevail in a competitive market.
B)The total output level equals the output level that would prevail in a monopoly.
C)The total output level exceeds the monopoly level, but falls short of the competitive level.
D)The total output level falls short of the monopoly level.

Question

Quizplus · Accepted Answer

In a duopoly, firms act in their self-interest, leading to an output level higher than a monopoly but lower than perfect competition due to strategic interactions.

For a Duopoly,what Is the Result of the Logic of Self-Interest