Examlex
The following ILP is being solved by the branch and bound method. You have been given the initial relaxed IP solution. Complete the entries for the 3 nodes and label the arcs when you branch on X1.
Initial solution
X1 = 4.6X2 = 1.6
Obj = 233.9
Cournot
A model of duopoly in which two firms assume the output of the other, deciding their own levels of production to maximize profit, leading to a strategic equilibrium.
Contestable
Pertaining to a market condition where the entry and exit of firms are costless or have low barriers, enabling potential competition to limit the market power of existing firms.
Price Competition
A market situation where businesses compete primarily on the price of their products or services.
Music Production Industry
The sector of the economy dedicated to creating, producing, and distributing music and sound recordings.
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