Consider the Cournot duopoly model when a production total cost function for i-th producer (i = 1,
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Consider the Cournot duopoly model when a production total cost function for i-th producer (i = 1, 2) is nonlinear and of a form: 0. Determine optimal levels of: the product supply by each producer, the total supply by both producers, an equilibrium price. Analyse how these levels react to changes in values of parameters describing the market: a market capacity, strength of consumers' reaction to changes in a product price, production marginal costs.
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Related Book For
Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics
ISBN: 9783031105531
1st Edition
Authors: Krzysztof Malaga, Karolina Sobczak
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