Explain why, at a Cournot equilibrium with two firms, neither firm would have any regret about its

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Explain why, at a Cournot equilibrium with two firms, neither firm would have any regret about its output choice after it observes the output choice of its rival.

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:03 AM

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Explain why, at a Cournot equilibrium with two firms, neither firm would have any regret about its

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In a Cournot setting each firm chooses a level of output that maximi...View the full answer

Microeconomics

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