If a product provides a positive externality,a duopoly

Question

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A positive externality means that there are benefits to society beyond what the buyer of the product receives. In a duopoly, there are two firms that can compete with each other to capture a larger share of the market. Since each firm wants to maximize its profits, they will produce more quantity and charge lower prices than if they were a monopoly. As a result, the total quantity produced in the market will increase, leading to a higher level of social welfare than if there was a monopoly.

If a Product Provides a Positive Externality,a Duopoly