(Answered) Suppose there are two monopolists in separate but otherwise

Economics

Suppose there are two monopolists in separate, but otherwise identical markets (i.e. they face identical demand curves). The monopolists have the same variable costs, but Firm 1 has a larger xed cost. Assume that both rms decide to produce a positive amount. What is the relationship between the two rms output levels?

(a) Not enough information.
(b) q1 > q2
(c) q1 < q2
(d) q1 = q2

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