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(Variant of Cournot's game, with market-share maximizing firms) Find the Nash equilibrium (equilibria?) of a variant of the example of Cournot's duopoly game that differs from the one in this section (linear inverse demand, constant unit cost) only in that one of the two firms chooses its output to maximize its market share subject to not making a loss, rather than to maximize its profit. What happens if each firm maximizes its market share?

Game Theory, Economics

  • Category:- Game Theory
  • Reference No.:- M91580988

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