What is a reaction function

Reference no: EM131255144

1. Explain why, at a Cournot equilibrium with two firms, neither firm would have any regret about its output choice after it observes the output choice of its rival.

2. What is a reaction function? Why does the Cournot equilibrium occur at the point at which the reaction functions intersect?

Reference no: EM131255144

Questions Cloud

Why is cournot equilibrium price less than monopoly price : Explain the difference between the Bertrand model of oligopoly and the Cournot model of oligopoly. In a homogeneous products oligopoly, what predictions do these models make about the equilibrium price relative to marginal cost?

Construct an anova table for experiment : Construct an ANOVA table for experiment - Is there evidence of difference in mean sales among the restaurants? (use =0.05 ).

Analyze economic conditions that affect revenue projections : Evaluate how public policy decisions affect the receipt of revenues. Analyze the economic conditions that affect revenue projections. Recommend a revenue policy that aligns with community values.

Difference between recursive queries and iterative queries : 1. What is the difference between recursive queries and iterative queries of DNS servers, in terms of the DNS performance (discuss this in terms of the number of messages needed and the corresponding delay)?

What is a reaction function : 1. Explain why, at a Cournot equilibrium with two firms, neither firm would have any regret about its output choice after it observes the output choice of its rival. 2. What is a reaction function? Why does the Cournot equilibrium occur at the poi..

Programming exercise-reverse the command line : Write a C program that will print out each command line argument on a separate line. However,you should print them out in reverse order. That is, the last command line argument is printedfirst. Do not have an off-by-one error. Make sure that your ..

Compromise an organization confidential information : Employees can compromise an organization's confidential information, deliberately or inadvertently, through their network and Internet usage. Such concerns prompt companies to introduce security monitoring of their employees. However, they have to..

How many new mba graduates does mt kinley have to hire : How many new MBA graduates does Mt. Kinley have to hire every year? - What are the odds that a new hire at Mt. Kinley will become partner?

Write listening journal about capoeira : Write listening journal about Capoeira (The Afro-Brazilian Dance-Fight-Game). Offer an original musical, social, or cultural analysis based on the evidence offered in class and/or in the listening examples themselves. You may be speculative here-th..

User Account

All Pages