Consider an infinitely repeated cournot duopoly with, Ask an Expert

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Consider an infinitely repeated Cournot duopoly with discount factor ?<1, unit costs of c>0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor, ?,for which the two firms could successfully collude over the monopoly output and hence share the monopoly profit using trigger strategies

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91298441

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