Any dominant or dominated strategies for either player

Reference no: EM13875178

Two identical firms have MC = $1 (no FC) and face a market demand of: P = 6 - Q.

a)Cournot Duopoly: Each firm chooses a discrete quantity: 0, 1, 2, or 3. Present the game in matrix form, and find its pure strategy Nash equilibria. Are there any dominant or dominated strategies for either player?

b)Bertrand Duopoly: Each firm can choose any price. What is/are the Nash equilibrium/a?

Reference no: EM13875178

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Any dominant or dominated strategies for either player : Two identical firms have MC = $1 (no FC) and face a market demand of: P = 6 - Q. a)Cournot Duopoly: Each firm chooses a discrete quantity: 0, 1, 2, or 3. Present the game in matrix form, and find its pure strategy Nash equilibria. Are there any ..

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