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Comparing the Cournot equilibrium to a monopolist's profit-maximizing choices, A. total profits are higher and total output is lower in the Cournot equilibrium. B. total
Comparing the Cournot equilibrium to a monopolist's profit-maximizing choices, A. total profits are higher and total output is lower in the Cournot equilibrium.
B. total profits are lower and total output is higher in the Cournot equilibrium. C. total profits are higher and total output is lower in the Cournot equilibrium.
D. total profits and total output are both higher in the Cournot equilibrium.
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