In a Duopoly Situation, the Logic of Self-Interest Results in a Total

Multiple Choice

In a duopoly situation, the logic of self-interest results in a total output level that

A) equals the output level that would prevail in a competitive market.
B) equals the output level that would prevail in a monopoly.
C) exceeds the monopoly level of output, but falls short of the competitive level of output.
D) falls short of the monopoly level of output.