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Two firms compete in a market to sell a homogenous product with the following demand schedule Price Quantity 0 20 50 15 100 10 150
Two firms compete in a market to sell a homogenous product with the following demand schedule Price Quantity 0 20 50 15 100 10 150 5 200 0 MC= 20 and no fixed costs a) Cournot & Stackelburg b) using iso profit curves framework, discuss how cournot equibuirum is indeed a Nash equilibrium when it comes to firms competing in a oligopolistic market c) which of these two oligopolistic models most resembles competition between Walmart and save-on-foods, and between the Home Depot and the Home Hardware? Explain
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