Why is the intersection between firms' best-response functions in Figure 12.2 for the Cournot model or 12.3
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Figure 12.2
Cournot Best-Response Functions
-1.png)
Figure 12.3
Bertrand Model with Differentiated Products
-2.png)
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Related Book For 
Intermediate Microeconomics and Its Application
ISBN: 978-1133189039
12th edition
Authors: Walter Nicholson, Christopher M. Snyder
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