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Author Question: The above figure shows the reaction functions for two pizza shops in a small isolated town. The ... (Read 247 times)

maegan_martin

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Reply #10 on: Jun 18, 2019


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.
Microeconomics ¦ Perloff ¦ 8th Edition
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krakiolit

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Reply #11 on: Jun 18, 2019
firm B is not on its best-response function.


krzymel

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Reply #12 on: Jun 18, 2019


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

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Reply #13 on: Jun 18, 2019
100 pizzas.


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