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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 is
QA = (12-QB)/2 (1)
The reaction function of duopolist B is
QB = (12-QA)/2 (2)
Find the Cournot solution by substituting equation (1) into equation (2) and solve for QB then QA.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9889092

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