Cournot Duopoly - Bartoand • 2 firms • Pricing...

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Cournot Duopoly  Firms chose quantity  MR=MC is profit max Q Under cooperation, think about firms acting together as a monopoly 
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Unformatted text preview: Bartoand • 2 firms • Pricing decisions • Single shot games P=MC Infinitely repeated • Discount factor= 1/1+ discount rate •...
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