Question

Discuss Cournot's duopoly model?​

Answer 1

Answer:

Cournot duopoly, also called Cournot competition, is a model of imperfect competition in which two firms with identical cost functions compete with homogeneous products in a static setting. There are two firms operating in a limited market.Market production is: P(Q)=a-bQ, where Q=q1+q2 for two firms.

Answer 2

Aɳsɯҽɾ ❤

• Cournot duopoly, also called Cournot competition, is a model of imperfect competition in which two firms with identical cost functions compete with homogeneous products in a static setting. There are two firms operating in a limited market. ... Market production is: P(Q)=a-bQ, where Q=q1+q2 for two firms.

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