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ECO - Cournot solution

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solution


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Question;Starting with the reaction functions of duopolists A and B, find the Cournot solution by substituting equation (1) into equation (2) and solve for QB then QA.The reaction function of duopolist A isQA = (12-QB)/2 (1)The reaction function of duopolist B isQB = (12-QA)/2 (2)Find the Cournot solution by substituting equation (1) into equation (2) and solve for QB then QA.

 

Paper#56450 | Written in 18-Jul-2015

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