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Cournot and Stackelberg., Game Theory
Consider two identical firms, for each firm, the total cost of producing q units of output is C(q)=0.5q^2. The price is determined as P(q1,q2)- a-q1-q2. Estimate Cournots outcome; report equilibrium quanities, profits and price.
Posted Date: 10/14/2012 8:03:22 PM | Location : United States
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