If duopolists individually pursue their own self-interest when deciding how much to produce, the amount they will produce collectively will
A)be less than the monopoly quantity.
B)be equal to the monopoly quantity.
C)be greater than the monopoly quantity.
D)Any of the above are possible.

Question

Quizplus · Accepted Answer

When duopolists act in their own self-interest, they tend to produce more than the monopoly quantity because each firm seeks to maximize its own profit, leading to a total output that exceeds the monopoly level.

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