Which of the following statements is correct?

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Question: Which of the following statements is correct? a. When duopoly firms reach a Nash equilibrium,…
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a. When duopoly firms reach a Nash equilibrium, their
combined level of output is the monopoly level of
output.
b. When oligopoly firms collude, they are behaving as a
cartel.
c. In
an oligopoly, self-interest drives the market to the competitive
outcome.
d. An
oligopoly is an example of monopolistic competition.

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