In a duopoly, with identical firms and homogeneous product, total surplus does not depend on the type of competition, i.e. quantity (Cournot) vs. price (Bertrand) competition .

Is the statements TRUE, FALSE, or UNCERTAIN ? Please give me the explanation

In a monopoly situation the equilibrium will never correspond to a quantity on the inelastic section of the demand curve

Is it TRUE, FALSE, or UNCERTAIN ?

So this question also "The market quantity supplied in a monopoly is always smaller than the quantity under perfect competition."

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