What is the essential difference between the Cournot and Stackelberg models?

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:54 AM

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What is the essential difference between the Cournot and Stackelberg models?

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In the Cournot model oligopoly firms make output decisions simultaneously In ...View the full answer

Managerial Economics

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