For a Duopoly,the Maximum Total Profit Is Reached When the Duopoly

Multiple Choice

For a duopoly,the maximum total profit is reached when the duopoly produces

A) the same amount of output as the competitive outcome.
B) the same amount of output as the monopoly outcome.
C) an amount of output that lies between the competitive outcome and the monopoly outcome.
D) more output than the competitive outcome.
E) less output than the monopoly outcome.