Suppose in a Cournot duopoly that two firms,Firm 1 and Firm 2,face market demand 
and both have marginal cost, 
The equilibrium price in this market will be
Definitions:
Communication Model
A theoretical framework that describes the process of transferring information from a sender to a receiver, highlighting the components and barriers involved.
Sender
The person or entity who initiates a message or communication, aiming to convey information or an idea to one or more recipients.
Message
A piece of communicated information, whether verbal, written, or digital.
Encoding
The process of converting information or data into a particular form, often for storage, transmission, or encryption purposes.
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