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Use the following to answer questions:
Matching
Match the individuals with their accomplishments.
-Doris Fleischman
Reaction Function
The strategic response of one player in a game to the actions of another, typically used in the context of oligopoly market structures.
Marginal Cost
The increase in total production costs that comes from making one additional unit of a product.
Demand Function
A mathematical representation that describes the relationship between the quantity of a good demanded and its price, along with other determinants.
Cournot Equilibrium
A condition in a duopoly market where each firm chooses the quantity to produce to maximize its own profit, assuming the other's output is fixed.
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