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Figure 12.2.1 -In Comparing the Cournot Equilibrium with the Competitive Equilibrium

Question 69

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Figure 12.2.1 -In comparing the Cournot equilibrium with the competitive equilibrium, A) both profit and output level are higher in Cournot. B) both profit and output level are higher in the competitive equilibrium. C) profit is higher, and output level is lower in the competitive equilibrium. D) profit is higher, and output level is lower in Cournot. Figure 12.2.1
-In comparing the Cournot equilibrium with the competitive equilibrium,


A) both profit and output level are higher in Cournot.
B) both profit and output level are higher in the competitive equilibrium.
C) profit is higher, and output level is lower in the competitive equilibrium.
D) profit is higher, and output level is lower in Cournot.

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