If Both Firms in a Duopolistic Industry Face Identical Demands

Multiple Choice

If both firms in a duopolistic industry face identical demands and identical total production costs, then:

A) Total industry output predicted by the Stackelberg duopoly model will less than total industry output predicted by the Cournot duopoly model.
B) Total industry output predicted by the Stackelberg duopoly model will greater than total industry output predicted by the Cournot duopoly model.
C) Total industry output predicted by the Stackelberg duopoly model will be the same as total industry output predicted by the Cournot duopoly model.
D) None of the above. It is more appropriate to compare the Stackelberg duopoly model with the Bertrand duopoly model.