elucidate price and output determination under cournot and stackelbery models of oligopoly
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(a) 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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