What are the payoffs in the typical duopoly game?
A) Increased economies of scale
B) Increased barriers to entry
C) Product differentiation
D) Profits

Question

Quizplus · Accepted Answer

The payoffs in a typical duopoly game are profits, as both firms try to maximize their own profits by competing in price, quantity, or product differentiation. The other options (A, B, C) may also be possible outcomes, but they are not the primary objectives for firms in a duopoly.

What Are the Payoffs in the Typical Duopoly Game