Economic

Which of the following is true regarding the Cournot Duopoly model and collusion?

a. Two firms that are colluding will choose to produce the Cournot Duopoly output.

b. Two firms that are colluding will choose to produce more than the Cournot Duopoly output.

c. Two firms would rather have the Cournot Duopoly outcome than split the monopoly quantity.

d. The Cournot Duopoly output is the profit-maximizing output for two firms, assuming the two firms cannot collude.

e. The market price in the Cournot Duopoly model is higher than the profit-maximizing price if the two firms could collude.