Multiple Choice
If both firms in a duopoly increase their production by one unit beyond the monopoly output,each firm's profit ________ and the total profit of the duopoly ________.
A) increases; increases
B) does not change; does not change
C) decreases; decreases
D) does not change; increases
E) decreases; does not change
Correct Answer:
Verified
Correct Answer:
Verified
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