Economics · Market Models
Under Cournot’s model of duopoly, each producer produces exactly:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Half of the total market demand
- 2One-third of the total market demand✓
- 3One-fourth of the total market demand
- 4One-fifth of the total market demand
Correct answer
One-third of the total market demand
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