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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.
Reaction Functions
Reaction functions describe how one player's optimal strategy depends on the strategies of other players in a strategic game or economic model.
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