Question on: SS2 Economics - Price And Quantity Determination Under Duopoly
What is the Nash equilibrium in a duopoly?
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A
The point where one firm dominates the market
B
The point where both firms produce more goods than in a monopoly
C
The point where both firms produce less goods and charge a higher price than in a monopoly
D
The point where both firms produce the same quantity and charge the same price
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Correct Option: D
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