Question: Consider the Cournot game I have presented below. I have populated it with hypothetical economic profits based upon the quantity (low or high) chosen by

Consider the Cournot game I have presented below. I have populated

Consider the Cournot game I have presented below. I have populated it with hypothetical economic profits based upon the quantity (low or high) chosen by each firm. What is the predicted outcome and why? Why is the collusive outcome not an equilibrium?

FIRM B Chick A: $100K A: $10K B: $100K B: $150K FIRM A A: $150K A: $60K Chick B: S10K B: $60K

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