If two duopolists arrive at the Nash equilibrium output level,the total quantity of the good on the market will be ________ than the total quantity on the market if the market were perfectly competitive and ________ the total quantity on the market if the market were controlled by a monopoly.
A) less; less than
B) less; greater than
C) greater; greater than
D) greater; less than
E) greater; equal to

Question

Quizplus · Accepted Answer

In a duopoly Nash equilibrium, the total quantity is less than in perfect competition but greater than in a monopoly.

If Two Duopolists Arrive at the Nash Equilibrium Output Level,the