Examlex
In the simplified letter format, commas follow both the salutation and the complimentary close.
Cournot Equilibrium
A situation in an oligopoly market where each firm chooses its optimal output level assuming the output levels of its competitors are fixed.
Cournot Duopoly
A Cournot Duopoly is a market structure where two firms compete on the amount of output they will produce, each assuming the other's output as given when deciding its own output level.
Cournot Duopoly
A model of competition in which two firms choose their output levels strategically, assuming the output of the other, aiming to maximize profit.
Linear
Describing a relationship or function that can be graphically represented as a straight line, indicating a constant rate of change.
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