Construct a payoff matrix to examine the determination of outputs in the Cournot duopoly model. What type
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Construct a payoff matrix to examine the determination of outputs in the Cournot duopoly model. What type of equilibrium exists for this model? Does the game- theoretic approach make this model any more plausible?
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Related Book For
Microeconomics Theory and Applications
ISBN: 978-1118758878
12th edition
Authors: Edgar K. Browning, Mark A. Zupan
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