Under Cournot Model of Duopoly, each duopolist will produce
A. half the output
B. one-fourth of the output
C. one-sixth of the output
D. one-third of the total output
Answer:D
Under Cournot Model of Duopoly, each duopolist will produce
A. half the output B. one-fourth of the output C. one-sixth of the output D. one-third of the total output