Economy, asked by tithipaul2, 19 days ago

Elucidate price and output determination under Cournot and Stackelberg models of Oligopoly

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Answered by babygirl5575

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Elucidate price and output determination under Cournot and Stackelberg models of Oligopoly. The firm has a linear cost function: C(q) = 4q, where q represents quantity produced by the firm. The market inverse demand function is given by P(Q) = 24 − 2Q, where Q represents total industry output.

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