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but more in total than the monopoly quantity.
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I was about to get them the wrong way around.
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Total quantity being produced is less than
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would be produced under perfect competition,
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but more than would be produced under monopoly.
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Consequently, prices are going to go the other way
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and consequently prices are going to be highest under monopoly,
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lowest on the competition,
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and somewhere in between in this Cournot situation.
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So from the point of view of the producers,
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this Cournot Equilibrium is worse than monopoly,
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but better than perfect competition.