CFA Practice Question

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CFA Practice Question

Which equilibrium has the highest price?

A. Competitive market equilibrium
B. Cournot equilibrium
C. Monopoly equilibrium
Correct Answer: C

Monopoly equilibrium has the highest price and lowest output level.

User Contributed Comments 2

User Comment
bidisha just remember the graph from the reading...monopolistic was at the top
fzhou Note that cournot is duopoly - duopoly vs. monopoly lol
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