oligopolistic behavior

What Does The Cournot Model Of Oligopoly Assume?

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What Does The Cournot Model Of Oligopoly Assume? The Cournot model of oligopoly assumes that rival firms produce a homogenous product, and each attempts to maximize profits by choosing how much to produce. All firms choose output (quantity) simultaneously. The basic Cournot assumption is that each firm chooses its quantity, taking as given the quantity

What Is The Difference Between Cournot And Stackelberg?

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What Is The Difference Between Cournot And Stackelberg? In a Cournot duopoly, firms make their moves at the same time while in Stackelberg duopoly, one firm becomes the leader and so make the first move, followed by the other firm. … The profit gained by each firm when both are competing in a Cournot duopoly