If duopolists individually pursue their own self-interest when deciding how much to produce, the profit-maximizing price they will charge for their product will be
A)less than the monopoly price.
B)equal to the perfectly competitive market price.
C)greater than the monopoly price.
D)possibly less than or greater than the monopoly price.

Question

Quizplus · Accepted Answer

When duopolists pursue their own self-interest, they tend to produce more than a monopolist would, leading to a lower price than the monopoly price.

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