Multiple Choice
The figure given below represents the output choices of each of the two oligopolists, given the choices of its competitor.QA and QB are the quantities of output produced by Producer A and Producer B.The marginal cost of production is zero for both producers.
-Refer to Figure .Determine the total production in this market under Cournot equilibrium?
A) 6 units
B) 12 units
C) 8 units
D) 20 units
Correct Answer:
Verified
Correct Answer:
Verified
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