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This model is likewise reasonably like the detainee's situation and is named after French math Augustin Cournot, who presented it in 1838. The most well-known

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This model is likewise reasonably like the detainee's situation and is named after French math Augustin Cournot, who presented it in 1838. The most well-known use of the Cournot model portraying a duopoly or two fundamental makers in a market. For instance, expect organizations An and B produce an indistinguishable item and can deliver low amounts. On the off chance that the two of them participate and consent to create at low restricted stock will convert into an exorbitant cost for the item available and significant benef two organizations. Then again, assuming they imperfection and produce at significant levels, t will be overwhelmed and bring about a low cost for the item and subsequently lower benefits In any case, assuming one collaborates (for example produces at low levels) and different defo (for example clandestinely delivers at significant levels), then, at that point, the previous simp back the initial investment while the last option acquires a higher benefit than if the two of th participate

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