The above figure shows the reaction functions for two pizza shops ...

[maegan_martin]

The above figure shows the reaction functions for two pizza shops in a small isolated town. Firm B producing 100 pizzas and firm A producing 50 pizzas is not a Cournot equilibrium because
◦ firm A is not on its best-response function.
◦ Cournot duopolists agree to share the market equally.
◦ firm B is not on its best-response function.
◦ neither firm is on its best-response function.

[krakiolit]

firm B is not on its best-response function.

[krzymel]

The above figure shows the reaction functions for two pizza shops in a small isolated down. The Stackelberg leader will produce
◦ 100 pizzas.
◦ 50 pizzas.
◦ 66.7 pizzas.
◦ 25 pizzas.

[peilian]

100 pizzas.