The equation qa 1212-qb is the so called reation function, Ask an Expert

Economics

The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. What is the reaction function of oligopolist B?

find the Cournot solution algebraically.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9474872

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