Business, 26.10.2021 02:00, mrtroll9145

We would like to predict what would happen in a particular market, under three different scenarios: monopoly, Cournot duopoly, and Bertrand duopoly. Out of these three scenarios:

The market price would be the highest under monopoly ; it would be second highest under Cournot duopoly; and it would be the lowest under Bertrand duopoly .
The overall quantity produced in the market would be the highest under Bertrand duopoly; it would be second-highest under Cournot duopoly ; and it would be the lowest under monopoly.

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Is this correct and please explain ?

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We would like to predict what would happen in a particular market, under three different scenarios:...